Zeus North America Mining Corp. Announces Upsize to Previously Announced Private Placement
Zeus North America Mining Corp. has announced an upsize to its previously announced private placement. The company now intends to issue up to 5,664,400 units at a price of $0.25 per unit, aiming to raise gross proceeds of up to $1,416,100. Each unit comprises one common share and one full share purchase warrant, with each warrant allowing the holder to acquire an additional common share at $0.35 for two years after closing.
The proceeds will be used for exploration programs on the company's Idaho copper projects, including its flagship Cuddy Mountain project, and for general working capital. The placement is subject to regulatory and exchange approval, and finder's fees may be payable.
Zeus North America Mining Corp. ha annunciato un aumento della sua precedente offerta di collocamento privato. La società intende ora emettere fino a 5.664.400 unità a un prezzo di 0,25 $ per unità, puntando a raccogliere un incasso lordo fino a 1.416.100 $. Ogni unità comprende una azione ordinaria e un warrant di acquisto azioni, con ogni warrant che consente al detentore di acquisire un'ulteriore azione ordinaria a 0,35 $ per due anni dopo la chiusura.
I proventi saranno utilizzati per programmi di esplorazione sui progetti di rame dell'Idaho dell'azienda, incluso il suo progetto di punta, il Cuddy Mountain, e per il capitale di lavoro generale. Il collocamento è soggetto all'approvazione degli enti regolatori e della borsa, e potrebbero essere dovute commissioni agli intermediari.
Zeus North America Mining Corp. ha anunciado un aumento de su colocación privada previamente anunciada. La empresa ahora tiene la intención de emitir hasta 5.664.400 unidades a un precio de $0.25 por unidad, con el objetivo de recaudar ingresos brutos de hasta $1.416.100. Cada unidad consiste en una acción común y un warrant de compra de acciones completo, con cada warrant permitiendo al titular adquirir una acción común adicional a $0.35 durante dos años después del cierre.
Los recursos se utilizarán para programas de exploración en los proyectos de cobre de la empresa en Idaho, incluyendo su proyecto insignia, el Cuddy Mountain, y para capital de trabajo general. El colocamiento está sujeto a la aprobación regulatoria y de la bolsa, y pueden pagarse comisiones a los intermediarios.
제우스 북미 광업 회사(Zeus North America Mining Corp.)는 이전에 발표된 사모 배치의 증액을 발표했습니다. 이 회사는 이제 5,664,400 유닛을 단위당 0.25 달러의 가격으로 발행하여 최대 1,416,100 달러의 총 수익을 올릴 계획입니다. 각 유닛은 하나의 보통주와 하나의 전체 주식 매수 워런트로 구성되며, 각 워런트는 소유자가 종료 후 2년 동안 0.35 달러에 추가 보통주를 인수할 수 있도록 허용합니다.
수익금은 회사의 아이다호 구리 프로젝트에 대한 탐사 프로그램에 사용되며, 여기에는 주력 프로젝트인 커디 마운틴이 포함됩니다. 또한, 일반 운영 자본으로도 사용됩니다. 이 배치는 규제 및 거래소의 승인을 받아야 하며, 중개 수수료가 지급될 수 있습니다.
Zeus North America Mining Corp. a annoncé une augmentation de son placement privé précédemment annoncé. La société a maintenant l'intention d'émettre jusqu'à 5.664.400 unités à un prix de 0,25 $ par unité, visant à lever des produits bruts allant jusqu'à 1.416.100 $. Chaque unité se compose d'une action ordinaire et d'un bon de souscription d'actions complet, chaque bon permettant à son détenteur d'acquérir une action ordinaire supplémentaire à 0,35 $ pendant deux ans après la clôture.
Les produits seront utilisés pour des programmes d'exploration sur les projets de cuivre de la société dans l'Idaho, y compris son projet phare, le Cuddy Mountain, et pour le fonds de roulement général. Le placement est soumis à l'approbation réglementaire et boursière, et des frais de courtage peuvent être à payer.
Zeus North America Mining Corp. hat eine Erhöhung ihrer zuvor angekündigten Privatplatzierung bekannt gegeben. Das Unternehmen beabsichtigt nun, bis zu 5.664.400 Einheiten zu einem Preis von 0,25 $ pro Einheit auszugeben, um Bruttoeinnahmen von bis zu 1.416.100 $ zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem vollständigen Aktienkauf-Warrant, wobei jeder Warrant dem Inhaber das Recht einräumt, zwei Jahre nach Abschluss eine zusätzliche Stammaktie zu 0,35 $ zu erwerben.
Die Erlöse werden für Explorationsprogramme in den Kupferprojekten des Unternehmens in Idaho verwendet, einschließlich des Flaggschiffprojekts Cuddy Mountain, sowie für allgemeines Betriebskapital. Die Platzierung unterliegt der Genehmigung durch die Aufsichtsbehörden und die Börse, und Vermittlungsgebühren können anfallen.
- Increased size of private placement to raise up to $1,416,100
- Proceeds to fund exploration programs on Idaho copper projects
- Each unit includes a full share purchase warrant, potentially attracting more investors
- Potential dilution of existing shareholders' stakes due to new share issuance
- Completion of placement subject to regulatory and exchange approval, introducing uncertainty
VANCOUVER, BC / ACCESSWIRE / September 5, 2024 / Zeus North America Mining Corp. (formerly Umdoni Exploration Inc.) (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (the "Company" or "Zeus") is pleased to announce that it has increased the size of its non-brokered private placement announced on July 30, 2024 (the "Placement") and now intends to issue up to 5,664,400 units ("Units") at a price of
Each Unit will comprise one common share and one full share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to acquire an additional common share at a price of
Finder's fees may be payable on all or any portion of the Placement, which is subject to regulatory and exchange approval.
The proceeds of the Placement will be utilized for exploration programs on the Company's Idaho copper projects, including its flagship Cuddy Mountain project, and for general working capital purposes.
Completion of the Placement is subject to certain conditions including the receipt of all necessary approvals and the acceptance by the Canadian Securities Exchange.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
On behalf of the board of directors.
"Dean Besserer"
President and CEO
For more information, please contact the Company at info@zeusminingcorp.com
FOR INVESTOR RELATIONS CONTACT:
Kin Communications Inc.
Ph: 604-684-6730
ZEUS@kincommunications.com
About Zeus North America Mining Corp.
The Company is in the business of mineral exploration. The Company is focused on its exploration properties in the state of Idaho known as the: Cuddy Mountain; Selway; and Great Western properties, respectively. The Idaho properties consist of 82 (Cuddy Mountain), 57 (Selway) and 38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately 3822.1 acres. The Company's flagship Cuddy Mountain Property is adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery.
Forward Looking Statements
When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, the Company's exploration plans. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions.
The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Zeus North America Mining Corp.
View the original press release on accesswire.com
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