Salazar arranges $1.43-million private placement

Executive Summary

• Salazar Resources Ltd. has arranged a non-brokered private placement financing of up to 11 million shares at a price of 13 cents per share, aiming to raise up to $1.43 million.
• The financing includes participation from certain insiders, and net proceeds are designated for resource property costs and working capital.
• All issued securities are subject to a four-month hold period and require regulatory approvals, including acceptance by the TSX Venture Exchange.

Key Details

• Transaction Type: Non-brokered private placement financing.
• Shares Offered: Up to 11 million shares.
• Price Per Share: 13 cents.
• Gross Proceeds: Up to $1.43 million.
• Insider Participation: Certain insiders will participate in the financing.
• Finder's Fees: May be payable on a portion of the financing.
• Use of Proceeds: To finance costs on the company's resource properties plus working capital.
• Hold Period: All securities are subject to a four-month hold period.
• Regulatory Requirements: Subject to all necessary regulatory approvals, including acceptance of the TSX Venture Exchange.

Notable Quotes

• None provided in the text.