ZADAR VENTURES LTD.
1100-888 Dunsmuir St.
Vancouver, B.C. V6C 3K4
Phone: 604-682-1643
ZADAR CLOSES NON-BROKERED PRIVATE PLACEMENT
ZAD TSX-V ZADDF-OTC ZAV.F
April 22, 2016 – Vancouver, British Columbia. Zadar Ventures Ltd. (the “Company”) (TSX-V:ZAD) is pleased to announce that the Company has received approval from the TSX Venture Exchange to close the non-brokered private placement previously announced on April 19, 2016. The Company has issued 9,998,215 units at a price of $0.07 per unit for gross proceeds of $699,875 (the “Offering”). Each unit consists of one common share and one whole share purchase warrant (a “Warrant”). Each Warrant will be exercisable into one common share of the Company at a price of $0.15 per share for a period of one year.
The Company will use the net proceeds of the Offering for exploration and development on the recently acquired WSP and CR properties in North Clayton Valley, Nevada, and for general working capital purposes.
The Company paid cash finder’s fees of $17,280 and issued 246,857 finder’s warrants in connection with the Offering. Each finder’s warrant entitles the holder to acquire one common share in the Company at an exercise price of $0.15, until April 22, 2017.
All securities issued under the Offering are subject to a hold period of four months plus one day in accordance with applicable securities laws.
Zadar Ventures Ltd. is a resource company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favorable to mining and industry. The Company’s flagship Clayton Valley project is located directly adjacent to the Albemarle Silver Peak lithium project, which contains North Americas only producing lithium mine. For more information we invite you to visit the company’s website at www.zadarventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray President
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.