True Zone Resources Inc. Closing a $310,000 Financing
10.04.2015 | The Newswire
Vancouver, April 10, 2015 - True Zone Resources Inc. (TAZ - CSE) ("TrueZone" or the "Company") on March 30, 3015 The Company originally announced it would do a placement for $300,000 but has accepted subscription agreements making it over-subscribed and now amends the placement and announces the closing of its non-brokered private placement having received gross aggregate proceeds of $310,000. The Company will issue 6,200,000 Units consisting of one common share of the Company and one share purchase warrant that entitles the holder to purchase one additional common share of the Company at a price of $0.075 per share for a two year period following closing of the offering.The warrants will be subject to an accelerated expiry stating that if at any time, after the standard 4 month hold period, the closing price of the Company's common shares on the CSE Exchange exceeds $0.15 for any 10 consecutive trading days, the warrant holder will be given notice that the warrants will expire 31 days following the date of such notice.
About True Zone Resources Inc.
Zone Resources Inc. is focused on enhancing shareholder value through astute acquisitioning of exceptional projects in perceived undervalued situations.
The Company has been involved in Tanzania since 2009 which has seen over $300 million in junior capital financing as well as mine development by Barrick Gold Corp. and Anglo Ashanti (two of the world's largest gold mining companies).
For more information regarding the Company can be viewed at www.truezoneresources.com. Or Email info@truezoneresources.com.
On Behalf of the Board of Directors, True Zone Resources Inc.
"Abby Farrage"
CEO, President and Director
Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Not for Distribution in the United States or to U.S. Persons
Copyright (c) 2015 TheNewswire - All rights reserved.