Zephyr engages Brisco Capital for investor relations services - Closes private placement
Zephyr engages Brisco Capital for investor
relations services - Closes private placement
Trading Symbol: TSX-V: ZFR OTC:ZPHYF
Shares Outstanding: 48,742,620
HALIFAX
,
Feb. 26, 2019
/CNW/ - Zephyr Minerals Ltd. ("
Zephyr
" or the "
Company
") (TSXV: ZFR)
(OTC: ZPHYF), is pleased to announce that it has engaged Brisco Capital Partners Corp. ("
Brisco
")
to provide investor relations services to the Company.
Brisco
is a
Calgary
based IR consultancy with a 20 year history, led by entrepreneur
Scott Koyich
.
Brisco
has represented various successful mining companies and leverages its extensive network
and experience in the capital markets.
The agreement is for an initial term of one year which may be terminated at anytime by Zephyr by
providing 30 days notice to
Brisco
.
Brisco
will be paid
$7,500
per month and will receive stock
options exercisable into 250,000 common shares of the Company for a period of five years at a
price of
$0.20
per share. The options will be subject to vesting provisions as required by the TSX
Venture Exchange's policies.
Brisco
currently holds 600,000 Zephyr's common shares.
In addition, the Company closed a non-brokered private placement raising
$211,500
through the
issuance of 1,410,000 units at a price of
$0.15
per unit. Each unit consists of one common share
and one-half warrant of the Company ("Unit"). Every two one-half common share purchase warrants
of the Company entitles the subscriber to acquire one common share of the Company for
$0.20
for
a period of twelve months from the closing date.
Net proceeds from the funds raised will be used to advance the Dawson Gold Project in
Colorado,
USA
, and for general working capital purposes. All securities issued in connection with the private
placement, including the shares and warrants comprising the units are subject to a statutory four-
month hold period that expires on
June 26, 2019
. The private placement remains subject to final
acceptance by the TSX Venture Exchange.
In connection with the closing, the Company paid a cash finder's fee of
$1,050
and issued 7,000
finder's warrants to Echelon Wealth Partners Inc. Each finder's warrant entitles the holder to acquire
one common share of the Company at
$0.20
for a period of twelve months from the closing date.
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. continues to advance it's 100% owned high grade Dawson - Green Mountain
Property in
Colorado, USA
. After completing a positive PEA, Zephyr is continuing with permitting and
additional engineering, with a near term focus on exploration and resource expansion.
To be included in the Zephyr email database for Company updates please contact
, or visit our website
www.zephyrminerals.com
for more information.
CAUTIONARY STATEMENT:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This press release contains forward-looking statements. More particularly, this press
release contains statements concerning the use of funds from the private placement.
The forward-looking statements contained in this document are based on certain key expectations
and assumptions made by the Company, including, with respect to the use of funds from the
private placement, expectations and assumptions concerning timing of receipt of required
regulatory approvals and third party consents and the satisfaction of other conditions to the
completion of the exploration work on the Dawson Gold Property.
The forward-looking statements contained in this document are made as of the date hereof and the
Company undertakes no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required
by applicable securities laws.
SOURCE
Zephyr Minerals Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/February2019/26/c1207.html
%SEDAR: 00030509E
For further information:
David H. Felderhof, Executive VP & Director, Zephyr Minerals Ltd., T: 902
446-4189, F: 866 941-4715
CO: Zephyr Minerals Ltd.
CNW 13:11e 26-FEB-19