Zephyr Minerals Announces Exercise of Warrants
Zephyr Minerals Announces Exercise of
Warrants
Trading Symbol: TSX-V: ZFR OTC:ZPHYF
Shares Outstanding: 64,646,905
HALIFAX, NS
,
June 8, 2020
/CNW/ - Zephyr Minerals Ltd. ("
Zephyr
" or the "
Company
") (TSXV:
ZFR) (OTC: ZPHYF), is pleased to announce that 100% of the previously issued share purchase
warrants (the "Warrants") that expired on
June 5, 2020
have been exercised resulting in gross
proceeds to the Company of
$466,778
. The 1,555,928 Warrants were issued in a non-brokered
private placement financing in
June 2019
, exercisable at
$0.30
per Warrant. Following the exercise
of the Warrants, Zephyr continues to have a total of 5,551,145 share purchase warrants outstanding
that were previously issued in the
February 2020
non-brokered private placement with an exercise
price of
$0.35
that expire in
August 2021
.
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. continues to advance its 100% owned high grade Dawson-Green Mountain
Project in
Colorado, USA
. After expanding it's land package to 1,385 hectares (3,430 acres) the
Company now controls a 12.2 km long
Dawson-Green Mountain
mineralized trend. The central 3.2
km long El Plomo section is the focus for potential Broken Hill Type silver-lead-zinc mineralization
and the east and west sections, Dawson and Green Mountain respectively are being targeted for
gold. The Dawson section is currently host to a high grade inferred gold resource. The Company
believes the combined Dawson and Green Mountain sections encompassing approximately 9 km of
mineralized trend provide excellent resource expansion potential.
To be included in the Zephyr email database for Company updates please contact
.
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. 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-Green Mountain 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/June2020/08/c7907.html
%SEDAR: 00030509E
For further information:
David Felderhof, EVP & Director, Zephyr Minerals Ltd., T: 902 446-4189,
F: 866 941-4715
CO: Zephyr Minerals Ltd.
CNW 14:55e 08-JUN-20