Trading Symbol: TSX-V: ZFR
Shares Outstanding: 16,621,129
HALIFAX, Feb. 25, 2013 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the
"Company") (TSXV: ZFR), is pleased to announce 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
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: ZEPHYR MINERALS LTD.
For further information:
Loren Komperdo, President & CEO
David H. Felderhof, Executive Vice President
Zephyr Minerals Ltd.
T: 902 446-4189
F: 866 941-4715
To be included in the Zephyr email database for Company updates please contact firstname.lastname@example.org, or visit our website www.zephyrminerals.com for more information.