Vancouver, B.C. / ACCESSWIRE / July 28 2014 / True Zone Resources Inc ("TrueZone" or the "Company") Company announces a non-brokered private placement offering of up to 6,666,667 units. The Units will be offered at $0.075 per unit for proceeds of up to $500,000, each unit consists of one common share of the Company and one share purchase warrant that entitles the holder to purchase one additional common share of the Company at a price of $0.10 per share for a two year period following closing of the offering. The warrants will be subject to an accelerated expiry stating that if at any time, after the standard 4 month hold period, the closing price of the Company's common shares on the CSE Exchange exceeds $0.15 for any 10 consecutive trading days, the warrant holder will be given notice that the warrants will expire 31 days following the date of such notice.
The Company also wishes to announce the issuance of 4,140,000 stock options at a price of $0.05 per common share to employees, directors, advisors and consultants of the Company. As per the Company's Stock Option Plan, the options granted will be exercisable until July 22, 2019.
For more information regarding the Company can be viewed at http://truezoneresources.com. Or Email [email protected].
On Behalf of the Board of Directors,
True Zone Resources Inc.
CEO, President and Director
Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Not for Distribution in the United States or to U.S. Persons