Zeus North America Mining Corp. Announces Closing of First Tranche of Private Placement

Executive Summary

• Zeus North America Mining Corp. closed the first tranche of its non‑brokered private placement, issuing 21,720,000 units at $0.10 per unit for gross proceeds of $2.172 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable at $0.15 until March 10 2028).
• Proceeds will be used to fund exploration programs on the company’s Idaho and Nevada copper‑silver projects (including Cuddy Mountain) and for general working capital.

Key Details

• Units Issued: 21,720,000 units @ $0.10 per unit → $2,172,000 gross proceeds.
• Unit Composition: 1 common share + ½ of a warrant (full warrant = right to purchase one additional common share at $0.15).
• Warrant Terms: Exercise price $0.15; expiry date March 10 2028.
• Finder’s Fees Paid: Cash payment of $155,660 and non‑transferable broker warrants covering 1,481,600 shares (same terms as the primary warrants).
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold expiring July 11 2026.
• Insider Participation: An insider subscribed for units; transaction qualifies as a related‑party transaction under MI 61‑101, with the company relying on exemption provisions.
• Use of Proceeds:
• Exploration programs on Idaho and Nevada copper‑silver projects (Cuddy Mountain Project, Selway, Great Western).
• General working capital purposes.
• Regulatory Disclaimers: No offer or solicitation in the United States; securities not registered under the U.S. Securities Act of 1933.

Notable Quotes

“On behalf of the board of directors.” – Dean Besserer, President and CEO

Materiality Assessment: Material – Positive (the financing provides significant capital to advance exploration activities).