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From: Goose94	8/21/2013 10:02:04 AM
	Read Replies (1) of 202707

Led Zephyr Minerals (ZFR-V) arranges $225,000 private placement Aug 20, 2013 - News Release Zephyr Minerals Ltd. will undertake a non-brokered private placement to sell up to 1.5 million units of the company at a price of 15 cents per unit for gross proceeds of up to $225,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of 20 cents at any time on or before the 12-month anniversary of the closing of the offering. In connection with the offering, a finder's fee may be paid consisting of a cash commission equal to 8 per cent of the gross proceeds raised under the offering and that number of non-transferable finder warrants as is equal to 8 per cent of the number of shares. Each finder warrant will be exercisable into one common share of the company at 20 cents for a period of 12 months from the closing date. Net proceeds from the funds raised will be used to advance the Dawson gold project in Colorado and for general working capital purposes. All shares and warrants are subject to a four-month hold period. Closing of the non-brokered offering is anticipated to occur on or before Sept. 25, 2013, and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The company has granted 125,000 incentive stock options to a director, David Grand, to purchase common shares of the company at a price of 16 cents per share for a period of five years. The options will be granted in accordance with the company's stock option plan and as set forth by TSX Venture Exchange policy.

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