Z-Gold Exploration Closes a $50,000 Private Placement
September 30 2011 - 5:15PM
Marketwired
Z-Gold Exploration Inc. (TSX VENTURE:ZGG) is pleased to announce
the closing of a private placement for the amount of CDN
$50,000.
The placement consists in 266,667 flow-through shares at a price
of $0.15 per share representing an amount of $40,000 and 66,667
common shares at a price of $0.15 per share representing a total
amount $20,000. Each share is accompanied of one half (1/2) of a
share purchase warrant. Each whole warrant allows to subscribe for
one common share of the Company at a price of $0.25 per share,
expiring September 30, 2013.
The securities that will be issued at the closing of this
private placement will be subject to a hold period of four months
and one day from closing. This placement is subject to the final
approval of the of the TSX Venture Exchange.
Placement with Union Securities Ltd.
Z-Gold Exploration Inc. also announces that the $1,500,000
brokerage placement announced in Press Release dated June 2, 2011,
will not take place. The current economic conjuncture is not
favourable to the closing of such private placement.
About Z-Gold Exploration Inc.
Z-Gold has as its flagship property the Abitibi Gold Property
located in Munro Township in the famous Timmins mining camp. There
are many surface gold showings that require investigation by ground
geophysical surveys and followed up by a diamond drilling program.
A recent airborne survey has successfully outlined many EM and
magnetic structural features. A geophysical feature similar to the
Croesus mine has been identified. The Abitibi Gold Property
consists of 112 claims located approximately 86 kilometres east
northeast of the city of Timmins in the Larder Lake Mining
Division, Ontario.
Z-Gold Exploration Inc. is a publicly listed company trading on
the TSX Venture (ZGG).
This press release was prepared by Z-Gold Exploration Inc.
Neither the TSX Venture Exchange Inc nor its Regulation Services
Provider (as that term is defined in the Policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
This document may contain forward-looking statements relating to
Z-Gold's operations or to the environment in which it operates.
Such statements are based on operations, estimates, forecasts and
projections. They are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict and
may be beyond Z-Gold's control. A number of important factors could
cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth
in other public filling. In addition, such statements relate to the
date on which they are made. Consequently, undue reliance should
not placed on such forward-looking statements. Z-Gold disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, save and except as may be required by applicable
securities laws.
Contacts: Rodrigue Tremblay President and CEO (888) 764-5195 /
(819) 797-0596 (819) 797-6050
(FAX)www.zgoldexploration.comz-gold@tlb.sympatico.ca
(TSXV:ZGG)
Historical Stock Chart
From Aug 2024 to Sep 2024
(TSXV:ZGG)
Historical Stock Chart
From Sep 2023 to Sep 2024