Zeus North America Mining Corp. Arranges $1.0 million Private Placement
Zeus North America Mining Corp.
1100 - 1199 West Hastings Street
Vancouver, BC, V6E 3T5
Zeus North America Mining Corp. Arranges $1.0 million Private Placement
Not for distribution to U.S. news wire services or dissemination in the United States.
Vancouver, British Columbia, July 30, 2024 – Zeus North America Mining Corp. (formerly
Umdoni Exploration Inc.) (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (the “Company”
or “Zeus”) is pleased to announce a fully subscribed non- brokered private placement (the
“Placement”) to raise $1,000,000 through the sale of up to 4,000,000 units (each a “ Unit”) at a
price of $0.25 per Unit.
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 $0.35 per share for a period of two years following closing of the Placement.
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 [email protected]
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FOR INVESTOR RELATIONS CONTACT:
Kin Communications Inc.
Ph: 604-684-6730
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.
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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.