The Prospector News

Zonte Metals Closes Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Zonte Metals Closes Private Placement






Zonte Metals Inc (TSXV: ZON) has closed its previously announced non-brokered private placement offering of units. The Company issued 13,500,000 units at a price of $0.10 per unit for gross proceeds of $1,350,000. Each Unit consists of one common share and one-half  of one share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share upon payment of the exercise price of $0.18 on or before July 31, 2018. The Company intends to use the proceeds of the Offering for working capital purposes.



The Company will also issue 280,250 Finder Warrants and pay cash finders’ fees aggregating $68,635 on the closing of the Offering. Each Finder Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.18 per share at any time prior to July 31, 2018.



The securities issued pursuant to the Offering (including the Units and Finder Warrants) are subject to a four-month and one day statutory hold period that will expire on June 1, 2017. Following the closing of the Offering, Zonte will have 40,124,426 shares issued and outstanding.



About Zonte



Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company holds the Wings Point Gold Project which is a drill ready project in Newfoundland and Labrador and has signed an Option Agreement to acquire 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the Yukon Territory, which is composed of 172 claims totaling approximately 3371 hectares. In addition, the Company and a Colombian partner have an application over open areas sitting on top of the open pit outline of the Gramalote Deposit in Colombia, which is held by AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO) (NYSE: BTG). The title issuance is being contested by the state governing the application and the Company has started legal action to protect its rights.


Posted February 1, 2017

Share this news article


Uranium Royalty Corp. Closes $30 million Initial Public Offering and Announces Listing on the TSX Venture Exchange

Uranium Royalty Corp. (TSX-V: URC) is pleased to announce that it... READ MORE

December 6, 2019

Denison Completes CAD$4.7 Million Bought Deal Private Placement of Flow-Through Shares

Denison Mines Corp. (DML: TSX) (DNN: NYSE American) is plea... READ MORE

December 6, 2019

Scorpio Gold Reports Results of Drilling at the Keystone-Jumbo Area, Goldwedge Property, Nevada

Scorpio Gold Corporation (TSX-V:SGN) announces results of its fir... READ MORE

December 6, 2019

Nevada Exploration Closes Oversubscribed Financing

Nevada Exploration Inc. (TSX-V: NGE) (OTCQB: NVDEF) is pleased to... READ MORE

December 6, 2019

Ascot Exploration Drilling Intersects 17.29 g/t Gold Over 3.58 Metres in New Area West of Premier Portal

Ascot Resources Ltd (TSX: AOT) (OTCQX: AOTVF) is pleased to annou... READ MORE

December 6, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions