Zephyr Minerals increases private placement to C$300K
- Zephyr Minerals (ZFR) said on Friday it raised the maximum size of its non-brokered private placement to 6M units at C$0.05 per unit, targeting gross proceeds of up to C$300K.
- Each unit comprises one common share and one warrant, exercisable for an additional share at C$0.10 over a two-year term from issuance.
- The company plans to allocate the proceeds to working capital requirements and permitting work at its Dawson Gold Project.
- Company insiders are expected to participate in the offering for a total of C$80K.
- Share: -6.00%
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