Mr. Brian Bosse reports
ZENYATTA ANNOUNCES OFFERING OF FLOW-THROUGH SHARES
Subject to TSX Venture Exchange acceptance, Zenyatta Ventures Ltd. has arranged an offering of flow-through common shares of the company on a non-brokered private placement basis. The offering comprises up to 7.5 million flow-through common shares of the company at a price of 40 cents per flow-through common share for gross proceeds of up to $3-million. The proceeds from the offering will be used for bulk sampling, environmental assessment and community engagement.
All securities issued to purchasers under the offering will be subject to a four-month hold period from the closing date of the offering, pursuant to applicable securities legislation and policies of the exchange. Finders' fees may be paid, as permitted by exchange policies and applicable securities law.
Closing of private placement
Following the completion of the first tranche of the private placement of units announced on Nov. 16, 2018, the company's private placement is now closed. The board of directors of Zenyatta Ventures would like to thank all the long-term and new shareholders of Zenyatta Ventures who participated in the private placement.
We seek Safe Harbor.
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