Zanzibar amends $1,000,000 private placement
Zanzibar Gold Inc.
5623 145A Street Surrey BC V3S 8E3
Tel 778-891-2701
November 6, 2019
Zanzibar amends $1,000,000 private placement
Zanzibar Gold Inc. (the “ Company” or “Zanzibar”) (ZBR – CSE; ZNZBF – OTC Pinks) is
pleased to announce that further to its new s release dated September 25, 2019, the
Company has amended its price to $0.13 per unit fo r the sale of up to 7,692,308 units (each,
a “Unit”) for gross proceeds of up to $1,000,000. Each Unit shall comprise of one common
share and one share purchase warr ant, where each warrant (a “Warrant”) may be exercised
to purchase a further common share at a price of $0.15 for a period of 3 years.
The funds will be used for the Co mpany’s working capital. Fin ders' fees shall be paid in
cash, shares or warrants, or a combination of the foregoing, subject to board approval and in
accordance with the policies of the Canadian Securities Exchange.
The completion of the private placement is subj ect to approval from the Canadian Securities
Exchange.
On behalf of the Board,
“Abby Farrage”
Abby Farrage President
Tel: 1-778-891-2701
This press release contains forward-lookin g statements within the meaning of applicable
securities laws. All statements that are not historical facts, including without limitation, statements
regarding future estimates, plans, programs, fo recasts, projections, objectives, assumptions,
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statements involve known and unknown risks, uncertainties and other factors that may cause
actual results, events or developments to be materially different from any future results, events or
developments expressed or implied by such forward looking statements.
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HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.