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Zonte Metals Announces $1.04 Million non-Brokered Private Placement
Zonte Metals Announces $1.04 Million non-Brokered Private Placement Canada NewsWire ...
About this update from Zonte Metals Inc.
[{"type":"text","content":"\n \n \n \n Zonte Metals Announces $1.04 Million non-Brokered Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSXV: ZON\n \n \n \n \n \n HALIFAX, NS\n \n \n ,\n \n \n Dec. 15, 2022\n \n \n /CNW/ - Zonte Metals Inc (TSXV: ZON) (\"Zonte\" or the \"Company\") is pleased to announce a non-brokered private placement for proceeds of up to\n \n $1.04\n \n Million  consisting of up to 2,500,000 common share units at a price of\n \n $0.10\n \n and 6,320,000 flow through units at a price of\n \n $0.125\n \n (the \"Offering\"), subject to TSX Venture Exchange  (the \"Exchange\") approval. Each Unit will consist of one common share and one share purchase warrant entitling the holder to acquire one additional common share at a price of\n \n $0.18\n \n for a period of 36 months from the date of issuance.  The Company may consider increasing the size of the Offering depending on demand.\n \n \n The net proceeds of the financing will be used for working capital purposes and continued exploration of the Company's exploration properties.\n \n \n Eligible finders will be entitled to a Finders' Fees in connection with securities sold pursuant to the Offering of (i) cash in an amount equal to 6% of the aggregate gross subscription proceeds received from the sale of securities; and (ii) Finders' Warrants equal to 6% of the number of securities sold in the Offering, each such Finders' Warrant exercisable at any time up to 60 months following its date of issuance to purchase one common share of the Company at an exercise price of\n \n $0.20\n \n per share. All Finders' Fees will be subject to and in accordance with Exchange and regulatory policies. The securities issued pursuant to the Offering will be subject to a four-month and one day statutory hold period.\n \n \n The closing of the Offering is expected to take place on or about\n \n December 21, 2022\n \n or such other date(s) as may be determined by the Company.\n \n \n Certain insiders of the Company may acquire Units in the Offe...