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Gold/Mining/Energy : Zenda Capital Corp.

TRR 17.55

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Jul 5 5:00 PM EST

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To: marcos who wrote (17)	1/9/2004 12:39:00 PM
From: bigbuk	of 217

YZN typo ? NEWS ps it ZND now Zenda Capital closes $205-million private placement 2004-01-09 11:59 ET - News Release Mr. Paul Ankcorn reports ZENDA CAPITAL CORP. ANNOUNCES CLOSURE OF PRIVATE PLACEMENT Zenda Capital has closed the non-brokered private placement that was originally released on Nov. 7, 2003. A total of $205,000 was raised by the company. The company will issue 1.25 million flow-through common shares, 800,000 non-flow-through common shares and 1,025,000 warrants to satisfy its obligations to the private placees. The warrants are exercisable to acquire one additional common share at a price of 15 cents 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. Proceeds of the private placement will be used to finance continued exploration on the company's gold properties in the Red Lake and Kirkland Lake areas of Ontario, and to carry on the day-to-day business of the company. The company has been transferred to Tier 2 of the TSX-V pursuant to the elimination of Tier 3 status. Zenda now trades under symbol ZND.

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