Zeus North America increases financing to $2.5-million

Executive Summary

• Zeus North America Mining Corp. has elected to upsize its previously announced non-brokered private placement, increasing the total gross proceeds target to $2.5 million.
• The company plans to issue up to 25 million units at a price of $0.10 per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
• Proceeds will be utilized for exploration programs on the company's Idaho and Nevada copper and silver projects, specifically the Cuddy Mountain project, as well as for general working capital.

Key Details

• Transaction Structure: Non-brokered private placement upsizing.
• Gross Proceeds: Up to $2.5 million.
• Units Offered: Up to 25,000,000 units.
• Price Per Unit: $0.10 CAD.
• Warrant Terms: Each unit includes one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.15.
• Warrant Expiry: Two years from the date of issuance.
• Use of Proceeds: Exploration programs on Idaho and Nevada copper and silver projects (including Cuddy Mountain) and general working capital.
• Regulatory Conditions: Completion is subject to necessary regulatory approvals, including acceptance by the Canadian Securities Exchange (CSE).
• Hold Period: All securities are subject to a statutory hold period of four months and one day from the date of issuance.
• Finders' Fees: May be payable in accordance with applicable securities laws and CSE policies.

Notable Quotes

• None provided in the text.