Zephyr Minerals Increases Private Placement to Raise Up to CAD $300,000
Zephyr Minerals (ZFR) announced an increase in the size of its non-brokered private placement offering. The company now plans to issue up to 6 million units at a price of C$0.05 per unit, aiming for gross proceeds of CAD $300,000. Each unit includes one common share and one warrant exercisable at C$0.10 over two years. The funds will be used primarily for working capital needs and permitting activities related to the Dawson Gold Project in Canada. Insiders are expected to contribute a total of CAD $80,000 toward the offering. The stock has seen a decline following this announcement.
Tickers: $ZPHYF