March 17th, 2014: Zone Resources Inc. (TSX-V symbol: ZNR) (the “Company’) has arranged a non-brokered private placement of up to 6 million units for total proceeds of up to $300,000, subject to the approval of the TSX Venture Exchange. Up to 6 million units will be issued as non flow-through units at a price of five cents per unit consisting of one common share and one-half of one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at a price of ten cents per share for 18 months from the date of closing. The proceeds of the private placement will be used for general working capital. Finders’ fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.
The Company further reports that pursuant to its stock option plan, it has granted incentive stock options to its directors, officers, consultants and employees to purchase in the total of 450,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of five cents per share.
About Zone Resources Inc.
Zone Resources Inc. is a Canadian mineral exploration and development company with projects in Canada.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
FOR FURTHER INFORMATION ABOUT THE COMPANY, PLEASE CONTACT:
Charles Desjardins, President
Zone Resources Inc.
Telephone: (604) 683 5445 or Email: firstname.lastname@example.org