Struthers Report V21 # 18.1 Zonte ZON Dec 16 2015Zonte Metals TSXV:ZON OTC: EREPF Recent Price $0.10 Entry Price $0.15 Opinion strong buy Great news with Zonte today. They announced some legal clarification ZON's legal council submitted a detailed counter response on Nov. 4, 2015, to the Secretaria de Minas. For clarification, this counter response is not a court proceeding, but rather a step in the dispute process. The Secretaria de Minas has until Jan. 4, 2016, to answer the response. But most important the company has retained a legal firm that is leading the initiative as well as a separate legal adviser. The legal adviser is the former head of the Secretaria de Minas, Department of Antioquia, and hence well versed in the Mining Code 685 of 2001 which governs the titling process. So there legal adviser actually ran the department the dispute is with, a huge bonus for Zonte. Separately ZON announced a small financing of $100,000 at 8.5 cents with a full 2 year warrant at 16 cents. I believe they are just doing a small amount because they feel this will carry them through to mid 2016 and hopefully by that time a big settlement on these Gramlote claims. As part of the lifetime subscription I try to make some private placements available to you on a best efforts basis. I managed to get a small allocation here of $20,000 so on a first term basis, minimum is $2,500. The nice thing about the financing is - 8.5 cents is good, the allowed discount based on the recent 10 cent price, but the 2 year 16 cent warrant is like a Call option on the Gramlote deposit and to some degree gold. If at any time in the next 2 years if this dispute settled in favor of Zonte, and for even numbers sake the stock goes to $1.00, you can exercise the warrant for 16 cents for a very nice 84 cent profit or 525% profit, plus the return on the 8.5 cent stock.