Zone Resources 2,425,000-share private placement
2014-04-25 18:53 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Zone Resources Inc. announced March 17, 2014:
First tranche:
Number of shares: 2,425,000 shares
Purchase price: five cents per share
Warrants: 1,212,500 share purchase warrants to purchase 1,212,500 shares
Warrant exercise price: 10 cents for a two-year period
Placees: nine
Insiders: Doug McFaul 150,000; Gordon Jang 300,000
Pro group involvement: 825,000 (two placees)
Finder's fee: $4,125 plus 82,500 units payable to Haywood Securities Inc.; the units consist of one common share and one warrant with each warrant exercisable into an additional share at 10 cents per share for 18 months
SUCYN