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11:25:18 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Zadar Ventures Ltd
Symbol ZAD
Shares Issued 76,106,536
Close 2017-03-20 C$ 0.12
Market Cap C$ 9,132,784
Recent Sedar Documents

Zadar closes $1.05-million first tranche of placement

2017-03-20 19:01 ET - News Release

Subject: ZAD Zadar news for immediate release ZADAR VENTURES LTD. 908 - 510 Burrard Street Vancouver, B.C. V6C 3A8 Phone: 604-682-1643 ZADAR CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT ZAD TSX-V ZADDF-OTC ZAV.F March 20, 2017 - Vancouver, British Columbia. Zadar Ventures Ltd. (the "Company") (TSX-V:ZAD) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Private Placement"), generating gross proceeds of $1,053,680. Pursuant to the Private Placement, an aggregate of 10,536,800 units (each a "Unit") were issued at a price of $0.10 per Unit. Each Unit consists of one common share and one common share purchase warrant exercisable at a price of $0.20 for a period of two years from the date of issuance. The securities in the Private Placement will be subject to a hold period of four months and one day from the closing date of the first tranche of the Private Placement, in accordance with the policies of the TSX Venture Exchange ("TSX-V") and applicable securities regulations. In connection with the closing of the first tranche of the Private Placement, $105,368 finder's fees were paid in cash. The proceeds of the Private Placement will be used for exploration and development on the WSP and CR lithium projects in North Clayton Valley, Nevada and for general working capital. In order to close the total gross proceeds stipulated in the Company's news release dated March 1, 2017, the Company applied for and was granted an extension on the closing date by the TSX-V. Zadar Ventures Ltd. is a resource company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favorable to mining and industry. The Company's flagship Clayton Valley project is located directly adjacent to the Albemarle Silver Peak lithium project, which contains North Americas only producing lithium mine. For more information we invite you to visit the Company's website at www.zadarventures.com ON BEHALF OF THE BOARD OF DIRECTORS Paul D. Gray President and CEO Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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