Zephyr Minerals Announces Warrant Amendment
Zephyr Minerals Announces Warrant Amendment
Trading Symbol: TSX-V: ZFR OTC: ZPHYF
News Release No. 14-17
Shares Outstanding: 37,982,620
HALIFAX
,
Sept. 18, 2017
/CNW/ - Zephyr Minerals Ltd. ("
Zephyr
" or the "Company") (TSX-V: ZFR) (OTC: ZPHYF), announces that the
Company has amended the terms of an aggregate of 4,500,000 common share purchase warrants issued to subscribers (the "Subscriber
Warrants") pursuant to the Company's private placement financing, which closed
November 18, 2015
.
The Subscriber Warrants issued pursuant to the private placement have an exercise price of
$0.20
and expire
September 18, 2017
. The amended
Subscriber Warrants have an exercise price of
$0.30
and expire
September 18, 2018
. All other terms of the Subscriber Warrants remain
unchanged.
OakRun Precious Metals Fund Ltd. ("OakRun"), subscribed for all of the 9,00,000 units of the
November 18, 2015
private placement, resulting in
an ownership of 4,500,000 Subscriber Warrants. Mr.
Scott Rhodenizer
is Investment Manager for OakRun, and a Director of Zephyr.
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. is a gold exploration and development company focused on advancing its flagship Dawson Gold Project in
Colorado, USA
.
After completing a positive PEA, Zephyr is continuing to advance the project though permitting, additional exploration as well as further
engineering work with a plan to develop a high grade, low cost underground gold mine.
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/September2017/18/c7937.html
%SEDAR: 00030509E
For further information:
David H. Felderhof, Executive VP & Director Or Sean Tufford, VP, Corporate Development, Zephyr Minerals Ltd.,
T: 902 446-4189, F: 866 941-4715
CO: Zephyr Minerals Ltd.
CNW 16:00e 18-SEP-17