Vancouver, BC, March 7 of the year / PRNewswire / – Zacatecas Silver Corp. (“Zacatecas” or “Company” (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) is happy to announce the closure . 19.15 million Offer of subscription receipts (“funding”).
Funding was already announced February 2, 3 Such as a 5 million Personal placement and then raised due to strong demand 5 million On March 3, 2013. Today, financing is discontinued, for total gross income, based on surveillance, 19,151,521 17,410,474 subscription receipts issued (each “subscription receipt”) 1.10 For receipt of subscription.
Zakatas CEO Brian Slusarchok says, “We are grateful for the strong support from the Agents’ Syndicate and the buying side participants in this transaction, which includes significant institutional and individual specialist investors in the metal space. Stages and high-end espranza gold project are looking forward to the move, while continuing our ongoing training program at the Zacatecas Silver Project, where we are currently tracking the latest find of silver and gold north of Pinocchio. We’re drilling. “
Proceeds from the financing will be used for consolation USD $ 5,000,000 Considering the cash in connection with the acquisition of the Esperanza Gold Project from Alamos Gold Company, the development of the Esperanza Gold Project towards production began, the financing of the ongoing training program in the company’s existing Silver Project and the For general working capital purposes.
Each subscription receipt can be described in the company’s unit (each “unit”) after fulfilling the specific escrow release conditions. Each unit will have a joint stock of the company (a “common stock”) and a semi-joint stock purchase guarantee (a warrant for each joint stock purchase guarantee). Each guarantee will give the buyer the right to a common share in the price 1.50 Any common shares for a period of 24 months from the date of issue.
The proceeds of the financing will be released from the escrow, in case the escrow agent is notified in advance. 9:30 p.m. ((Toronto Time) on May 1, 2 Upon completion of (a), consent or waiver, as the case may be, of all conditions prior to the acquisition of the Esperanza Gold Project by the Company from Alamos Gold Company (“Proposed Transfer”). The date of the share purchase agreement between such parties February 2, 3; And (b) receipt of all necessary corporate, stakeholder and regulatory approvals in relation to the proposed transfer (a) and (b) together, the “Escrow Release Terms”).
Clarus Securities Inc. Acting as the lead agent on behalf of the Agents Syndicate, including Eventus Capital Corp., Haywood Securities Inc. And Canaccord Genuity Corp. Zacatecas will pay a cash commission to the Agents Syndicate. 998,716 (Half of which will be paid today and half will be paid to the company from escrow by releasing the proceeds from the financing) and with each compensation option 907,924 compensation options (“compensation options”) were issued. A common share in the price 1.10 For 24 months from the date of export.
Guarantees issued under the offer will be subject to resale restrictions subject to termination. July 1, 2.
The guarantees referred to in this newsletter are not, and will not be, registered under the United States Security Act of 1933, as amended, and may not be offered or sold internally. United States Either you, or for account or benefit, U.S. persons who are absent from U.S. registration or applicable exemptions from U.S. registration requirements. This publication does not make offers for sale, nor does it solicit purchase offers, with no guarantees. United States.
Qualified person
The content of this news has been reviewed and approved by Dr. Wilson, BSc (Honors), PhD, FAusIMM (CP), FSEG, General Operations Officer. Zakatas. Dr. Wilson is a competent person as defined by National Instrument 43-101 and is responsible for all technical information in this report.
About the Esperanza Gold Project
Esperanza Is an advanced stage, an attractive low cost, low capital-intensity and low technical risk development project located in Morelos State Mexico. الاموس The project has progressed through advanced engineering, including metallurgy work, while focusing on participant involvement, including community building.
To date, significant house and reverse circulation drilling has occurred in it Esperanza Gold project, resulting in a total of 389 drill holes for 69,716 meters. Nearly four targets have been identified with historical sources to expand the historical resources. The project also hosts seven regional exploration targets, largely untested, which are also capable of drill testing.
الاموس In its latest annual data, 0.98 g / t gold and 8.09 g / t silver with 1,083,366 ounces and 8,936,201 ounces of silver and 8,936,201 ounces with estimated 34,352,000 tons of measured and shown resources. g / t gold and 15.04 g / t silver gold 18,375 ounces gold and 347,192 ounces silver gold. The company considers it a historic resource for national instrument 43-101 purposes. Resource blocks are defined using dimensions of 10 m (m) 10 meters By Five meters. Grade estimation was performed on compounds covered with the normal cracking method. An additional step in the estimation strategy was the use of the dynamic anisotropy technique. Boys Disclosure Options This added capability allows for a more realistic result of the estimated degree of local distribution as it follows the resource-covered format. The assumptions used in the sources include the following metal prices: The price of gold 1,400 (US) per ounce (ounce) and the price of silver 22 (America) at any rate. Sources consider the following economic assumptions: 60.4 percent recovery at 0.2 g / t, 71.9 percent at 1.6 g / t for gold, 25 percent for silver, 2.60Mining costs per ton 64-centsGeneral and administrative costs per ton 4.20– Milling cost per ton and pit slip 45 degrees. The company considers relevant resources for its identification and modeling Esperanza Plural
The company has not done enough to classify resources as existing mineral resources or mineral resources and the company does not treat historical estimates as existing mineral resources or mineral resources. Although the source estimate is considered valid, the company will redesign a portion of the drill house to perform the new source estimate. In addition, verification of additional information, including re-surveying selected diamond drill hole collars; Graphic drill house log review, comparing these logs with the rest of the half-cut house and cross-checking the entry of the best geological logs agonist database; And check the original evaluation documents against the evaluation and drill hole database.
About Zacatecas Silver Corp.
of the Zakatas The silver and gold property is located in it Zakatas State MexicoMost likely inside Fresnello Silver belt, which produced more than 6.2 billion ounces of silver. The company owns 7,826 hectares (19,338 acres) of land with low sulfation and medium sulfide potentials for silver-based metal mining and potentially low sulfation for gold-dominated mining. On December 6, 2013, Zakatas Announced mineral resource estimates Panuco Reserves of 2.7 million tons at 187 grams per ton (g / t) of silver equivalent (AgEq) (171 g / t of silver (Ag) and 0.17 g / t of gold (Au) of 16.4 million ounces of AgEq ( 15 million ounces of silver (for gold and 15,000 ounces of gold).
The property is owned by MAG Silver Corporation 25 km (km) southeast of Juanisipio Mine and Fresno PLC. Fresnello My property shares the boundaries with the claims of Pan American Silver Corporation and El Orito, which is owned by Endeavor Silver. Inside there are four main high-level target areas of silver Zakatas Privileges: d Panuco Archive, Muleros, El Cristo and San Manuel-San Gill. Also included in the property El OroEl Orito La CanteraMonserrat El Penon, San Judas And With young Silver base metal vein targets. These targets are relatively unknown and will be the focus of rapid monitoring.
On behalf of the company,
Brian Salsarchok
CEO and CEO
Visible statements
The information presented in this news release contains visual statements that are based on assumptions up to the date of publication of this news. These statements reflect management’s current assumptions, beliefs, intentions and expectations. They do not guarantee future performance. Zakatas Warnings that all future vision statements are naturally ambiguous and that real performance may be affected by many material factors, many of which are beyond their control. Such factors include, among other things: closure of the proposed transaction, risks and uncertainties. Of Zakacas Limited operating history, its proposed exploration and development activities on the Experanza Gold project and its Zacatecas properties and the need to comply with environmental and government regulations. Accordingly, actual and future events, conditions, and outcomes may differ materially from the assumptions, beliefs, intentions, and expectations expressed or supplemented in future information. Except as required under applicable guarantees law, Zakatas Does not publicly promise to update or revise visitor information.
Neither TSX Venture Exchange nor its regulatory service providers (as the term is defined in Exchange Policies) accept responsibility for the adequacy or accuracy of this release.
Source Zacatecas Silver Corp.
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