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Zeus North America Mining Corp. Announces Upsizing and Closing of Final Tranche of Private Placement
VANCOUVER, BC / ACCESS Newswire / March 17, 2026 /ZEUS NORTH AMERICA MINING CORP. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (THE "COMPANY" OR "ZEUS") is pleased to announce that it has upsized and closed the final tranche of its previously announced ...
About this update from Zeus North America Mining Corp
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 17, 2026 / ZEUS NORTH AMERICA MINING CORP. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (THE "COMPANY" OR "ZEUS") is pleased to announce that it has upsized and closed the final tranche of its previously announced non-brokered private placement (the "Placement") through the issuance of 4,035,000 units ("Units") at a price of $0.10 per Unit for gross proceeds of $403,500. Together with the first tranche, the Company has raised a total of $2,575,500 through the issuance of 25,755,000 Units.","length":567,"tagName":"p"},{"type":"text","content":"Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant issued under the final tranche entitles the holder to acquire one additional common share at a price of $0.15 until March 17, 2028.","length":294,"tagName":"p"},{"type":"text","content":"In connection with the final tranche, the Company has paid finders' fees in connection with proceeds raised by the Company from investors introduced to the Company by finders consisting of cash of $29,280 and non-transferable broker warrants (each a "Broker's Warrant") in the amount of 242,800. Each Broker's Warrant has the same terms as the Warrants. All securities issued pursuant to the Placement are subject to a statutory hold period of four months and one day, expiring on July 18, 2026.","length":517,"tagName":"p"},{"type":"text","content":"An insider of the Company has subscribed for Units pursuant to the final tranche of the Placement. The issuance of the Units to the insider pursuant to the Placement (the "Insider Participation") will be considered to be a related party transaction within the meaning of Multilateral Instrument 61-101 ("MI 61-101"). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of the Insider Participation.","length":558,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds from the Placement for exploration programs on its Idaho and Nevada copper and silver projects, including the Cuddy Mountain Project, and for general working capital purp...