Zadar Ventures Ltd. (the “Company”) is pleased to announce it has arranged a non-brokered private placement to raise up to $2,000,000 by the issuance of up to 10,000,000 units at a price of $0.20 per unit.
Each unit will consist of one common share and one non-transferable share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase a common share (the “Warrant shares”) of the Company at a price of $0.30 per Warrant share for a period of one year from the date of closing of the private placement.
The Company may pay a finder’s fee in connection with this private placement.
There will be no new control person created in connection with this private placement offering.
The private placement is subject to the acceptance of the TSX Venture Exchange.
The company has also set 200,000 incentive stock options at $0.25 for a period of two years.
About Zadar Ventures Ltd.:
Zadar Ventures Ltd. is a junior uranium exploration company focused on acquiring and exploring for economically viable mineral resources. For more information we invite you to visit the company’s website at www.zadarventures.com .
ON BEHALF OF THE BOARD OF DIRECTORS
Mark T. Tommasi
Neither the TSX Venture Exchange nor its Regulation Service 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 press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company’s disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.