Zeus North America Mining Corp. Announces Closing of Previously Announced Private Placement

Vancouver, BC / ACCESSWIRE / September 9, 2024 / Zeus North America Mining Corp. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) has closed its previously announced non-brokered private placement. The placement involved the issuance of 5,664,400 units at $0.25 per unit, resulting in gross proceeds of $1,416,100.

Each unit comprised one common share and one full share purchase warrant. Warrants grant the holder the right to acquire an additional common share at $0.35 per share until September 6, 2026. The company paid a 7% finder's fee in connection with the proceeds raised through the placement, totaling $74,970 in cash and 299,880 broker warrants.

The funds will be allocated to exploration programs on Zeus's Idaho copper projects, particularly the flagship Cuddy Mountain project, and for general working capital. Insiders participated in the placement, which is considered a related party transaction under MI 61-101.