January 10, 2020 – Zadar Ventures Ltd. (“Zadar” or the “Company”) is pleased to announce that, further to its press release dated December 23, 2019, the Company has closed its non-brokered private placement (the “Private Placement”) of 2,500,000 units (each, a “Unit”) of the Company, for gross proceeds of $162,500. Each Unit consists of one (1) common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one (1) Share at a price of $0.085 per Share for a period of three years from the date of issue.
All securities issued pursuant to the Private Placement are subject to a four-month hold period.
The Company intends to use the proceeds from the Private Placement for general working capital purposes.
About Zadar Ventures Ltd.
Zadar Ventures Ltd. is a junior uranium exploration company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favourable to mining and industry. For more information we invite you to visit the Company’s website at www.zadarventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Mark Tommasi, Chairman
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