THUNDER BAY – MINING – Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV: ZEN) is pleased to announce that it has fully allocated the non-brokered private placement financing for aggregate gross proceeds of up to $2.0 million (the “Offering”) announced on July 28, 2015. The Offering will consist of the sale of Units at $1.25 per Unit.
Each Unit will consist of one Common Share and one-half of one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one Common for $1.65 for a period of 12 months from the date of issuance.
The securities issued pursuant to the Offering will be subject to a four month and one day statutory hold period. Zenyatta intends to use the net proceeds from the Offering for market and business development, material testing and general working capital purposes. Closing is scheduled for August 11, 2015.
To find out more on Zenyatta Ventures Ltd., please visit website www.zenyatta.ca