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Zonte Metals Inc V.ZON

Alternate Symbol(s):  EREPF

Zonte Metals Inc. is a Canada-based junior mineral exploration company primarily focused on gold and copper. Its projects include Wings Point Gold Property, McConnell's Jest Project (MJ project) and Cross Hills Project (Cross Hills). The Cross Hills Project is located on the island portion of Newfoundland and Labrador, approximately 20 kilometers from the town of Terrenceville and consists of approximately 573 claims covering over 14,325 hectares. The McConnell’s Jest Project is in the Yukon Territory about 65 km northeast of the town of Mayo and consists of approximately 172 contiguous quartz claims. It holds a 100% interest in the Wings Point Project located on the island portion of Newfoundland and Labrador, about 30 km north of Gander and at the northern end of the central Newfoundland gold belt. In addition, the Company has an application for open areas sitting on top of the open pit outline of the Gramalote Deposit in Colombia. It also has a 25% carried interest in Project X.


TSXV:ZON - Post by User

Zonte Metals Inc
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Post by bcjton Dec 14, 2011 10:01pm
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Post# 19323760

Zonte 1,909,000-, 796,733-FT-share financing

Zonte 1,909,000-, 796,733-FT-share financing

Zonte Metals Inc (C:ZON)

Shares Issued 20,298,239

Last Close12/14/2011
.21

Wednesday December 14 2011 - Private Placement

The TSX Venture Exchange has accepted for filing documentationwith respect to a non-brokered private placement for Zonte Metals Inc. announcedby news release on Oct. 3, 2011:

Number of shares:1,909,000 commonshares and 796,733 flow-through common shares

Purchase price:25 cents per commonshare and 30 cents per flow-through common share

Warrants:954,500 warrants topurchase 954,500 common shares

Warrant exercise price:35 centsuntil Nov. 9, 2013

Placees:44

Insiders:MLF Holdings Inc. (MarshallFarris) 40,000; Marshall Farris 60,000

Intermediaries:Canaccord GenuityCorp., Macquarie Private Wealth Inc., Lee Johnson, Ron Struthers and MackieResearch Capital Corp.

Intermediary fee:A total of $48,786in cash and 152,378 compensation warrants to purchase 152,378 common shareshaving an exercise price of 33 cents until May 8, 2013.

The company has announced the closing of the privateplacement by way of press releases dated Nov. 8 and Nov. 15, 2011.

© 2011 Canjex Publishing Ltd.

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