Z-Gold Exploration Closes a $32,000 Private Placement
January 13 2014 - 5:10PM
Marketwired
Z-Gold Exploration Closes a $32,000 Private Placement
ROUYN-NORANDA, CANADA--(Marketwired - Jan 13, 2014) -
(TSX-VENTURE:ZGG) Z-Gold Exploration Inc. is pleased to announce
the closing of a private placement for the amount of CDN
$32,000.
The placement consists in 388,571 flow-through shares at a price
of $0.07 per share representing an amount of $27,200 and 80,000
common shares at a price of $0.06 per share representing a total
amount $4,800. Each share is accompanied of one-half (1/2) share
purchase warrant. Each whole warrant gives the right to subscribe
for one common share of the Corporation at a price of $0.11 per
share, expiring January 13, 2014.
The securities that will be issued at the closing of this
private placement will be subject to a hold period of four months
and one day from closing. This placement is subject to the approval
of the regulatory authorities.
About Z-Gold Exploration Inc.
Z-Gold has as its flagship property the Abitibi Gold Property
located in Munro Township in the famous Timmins mining camp. There
are many surface gold showings that require investigation by ground
geophysical surveys and followed up by a diamond drilling program.
A recent airborne survey has successfully outlined many EM and
magnetic structural features. A geophysical feature similar to the
Croesus mine has been identified. The Abitibi Gold Property
consists of 112 claims located approximately 86 kilometres east
northeast of the city of Timmins in the Larder Lake Mining
Division, Ontario.
Z-Gold Exploration Inc. is a publicly listed company trading on
the TSX Venture (ZGG).
This press release was prepared by Z-Gold Exploration Inc.
Neither the TSX Venture Exchange Inc nor its Regulation Services
Provider (as that term is defined in the Policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
This document may contain forward-looking statements
relating to Z-Gold's operations or to the environment in which it
operates. Such statements are based on operations, estimates,
forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult
to predict and may be beyond Z-Gold's control. A number of
important factors could cause actual outcomes and results to differ
materially from those expressed in forward-looking statements,
including those set forth in other public filling. In addition,
such statements relate to the date on which they are made.
Consequently, undue reliance should not placed on such
forward-looking statements. Z-Gold disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities
laws.
Christian DupontPresident and CEO(888) 764-5195(819)
797-0596(819)
797-6050z-gold@tlb.sympatico.cawww.zgoldexploration.com