Trading Symbol: TSX-V: ZFR
Shares Outstanding: 16,621,129
HALIFAX, Feb. 6, 2013 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the
"Company") (TSXV: ZFR), is pleased to announce that it will undertake a
non-brokered private placement to sell up to 2,000,000 units of the
Company at a price of $0.18 per unit for gross proceeds of up to
Each unit consists of one common share and one-half of one common share
purchase warrant. Each whole warrant entitles the holder to acquire one
common share at an exercise price of $0.25 per common share at any time
on or before the 12-month anniversary of the closing of the offering.
In connection with the offering, a finder's fee may be paid consisting
of a cash commission equal to 8% of the gross proceeds raised under the
offering and that number of non-transferable finder's fee warrants as
is equal to 8% of the number of shares. Each finder's fee warrant will
be exercisable into one common share of the Company at $0.25 per share,
for a period of 12 months from the closing date. 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
Closing of the non-brokered offering is anticipated to occur on or
before February 19, 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.