ZND cobbling together more cash here, plus they're getting some insider options positioned down in the basement --
2/18/05
Toronto, ON February 18, 2005
FSC / Press Release
ZENDA ANNOUNCES FINANCING
Toronto, Ontario CANADA, February 18, 2005 /FSC/ - Zenda Capital Corp. (TSX - VX: ZND), ("Zenda" or the "Company") announces that it plans to complete a non-brokered private placement of up to 3,500,000 Units at a price of $0.10 per Unit for anticipated gross proceeds of $350,000. Each Unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one additional common share at a price of $0.15 per share for a period of 24 months from the date of issuance. The common shares and warrants will be subject to an applicable regulatory hold period. The net proceeds from the private placement will be used for general working capital purposes.
The Company also announces that it has granted to officers, directors and consultants an aggregate of 1,500,000 stock options under its Stock Option Plan. The stock options will be exercisable for a period of five years, at a price of $0.105 per share, subject to regulatory approval.
For further information contact:
Wayne J. O'Connor, Chairman 416-364-6957 or Don Hawke, President 705-385-0465
Shares Issued: 37,724,622
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
ZENDA CAPITAL CORP. 120 Adelaide Street West, Suite 512, Toronto, ON M5H 1T1 Tel: 416-364-6957 Fax: 416-364-5400 Email: hawke@vianet.ca |
