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Provider: Reuters Investment Profile

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Zephyr Minerals Ltd Announces Increase In Non-brokered Private Placement

Monday, 25 Feb 2013 03:52pm EST 

Zephyr Minerals Ltd announced that it has increased the size of the non-brokered private placement financing originally announced on February 6, 2013 (the "Offering"). Zephyr will now sell up to 2,778,000 units of the Company at a price of $0.18 per unit for gross proceeds of up to $500,040. All other terms of the Offering announced on February 6, 2013 in news release 01-13 remain unchanged. The net proceeds from the funds raised will be used to conduct exploration work on the Dawson Gold Project in Colorado, USA, and for general working capital purposes. All shares and warrants are subject to a four-month hold period. Closing of the non-brokered offering is anticipated to occur on or about February 28, 2013, and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. 

Company Quote

22 Dec 2014