Trading Symbol: TSX-V: ZFR
Shares Outstanding: 19,138,595
HALIFAX, March 15, 2013 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSXV: ZFR) is pleased to announce that it has awarded a diamond
drill contract to Godbe Drilling LLC of Montrose, Colorado, to drill up
to 15 holes totaling approximately 500 metres. The drill program is
expected to commence in the next several days on the Windy Gulch
segment of the Dawson Gold Property. For further details, please see
Zephyr news release #03-13, dated February 28, 2013.
On February 28, 2013, Zephyr closed a previously announced private
placement to raise $452,009 through the issuance of 2,511,166 units.
Investments & Technical Management Limited ("ITM")*, an insider of
Zephyr, subscribed for 166,666 units in this private placement.
*Joseph M.R. Berardo is the principal shareholder of ITM.
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. This press
release contains forward-looking statements. More particularly, this
press release contains statements concerning the use of funds from the
The forward-looking statements contained in this document are based on
certain key expectations and assumptions made by the Company,
including, with respect to the use of funds from the private placement,
expectations and assumptions concerning timing of receipt of required
regulatory approvals and third party consents and the satisfaction of
other conditions to the completion of the exploration work on the
Dawson Gold Property.
The forward-looking statements contained in this document are made as of
the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
SOURCE: ZEPHYR MINERALS LTD.
For further information:
David H. Felderhof, Executive Vice President
Zephyr Minerals Ltd.
T: 902 446-4189
F: 866 941-4715
Or visit: www.zephyrminerals.com