Zinc One Closes Tranche 1 Financing of $3.855 Million
(PresseBox) - Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZZOF; Frankfurt: RH33 ? ?Zinc One? or the ?Company?) announces that it has closed its first tranche of its previously announced private placement financing by issuing a total of 16,063,286 units (?Units?) at a price of $0.24 per Unit for gross proceeds of $3,855,188.
Each Unit is comprised of one common share and one-half of one common share purchase warrant (?Warrant?), with each whole Warrant entitling the holder to purchase one additional common share at $0.35 per share for a period of three (3) years from the date of issue.
All securities issued in connection with the private placement are subject to a four?month statutory hold period expiring on September 18, 2018.
Proceeds of the financing will be used for exploration activities on the Bongar
About Zinc One Resources Inc.
Zinc One is focused on the exploration and development of prospective and advanced zinc projects in mining-friendly jurisdictions.tion included >20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte Bongar
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management?s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One?s limited operating history, its proposed exploration and development activities on the Bongar as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Datum: 23.05.2018 - 03:31 Uhr
Sprache: Deutsch
News-ID 1536285
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