ZENDA CAPITAL CORP. ANNOUNCES PRIVATE PLACEMENT
Toronto, Ontario CANADA, November 20, 2003 /FSC/ - Zenda Capital Corp. (YZN - TSX Venture), ("Zenda" or the "Company") wishes to announce an amendment to a non-brokered private placement offer that was originally released on November 7, 2003. Each of the one million common shares (non-flow-through) of the Company that are to be offered at a price of $0.10 per common share will also have attached one half of a warrant to purchase additional common shares of the Company. Each full warrant will be exercisable to acquire one additional common share at a price of $0.15 per share and will be valid for one year from the date of their issuance. The private placement is subject to approval from the TSX Venture Exchange ("TSXV").
The Company also wishes to announce that it has received approval from the TSXV for its property acquisition in the Kirkland Lake Mining Camp. This acquisition was originally announced on October 28, 2003.
The Company has made application to transfer to Tier 2 of the TSXV pursuant to the planned elimination of Tier 3 status by the TSXV in January of 2004.
For further information, please contact Mr. Paul Ankcorn, a director and President of the Company at (416) 360-4137.
Zenda Capital Corp.
55 Adelaide St. East, Suite 410, Toronto, ON, Canada M5C 1K6
Tel: 416-360-4137 Fax: 416-360-8139 E-mail: info@zendagold.com
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
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