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Vancouver, British Columbia – Canadian Zeolite Corp. (TSX.V: CNZ) (the “Company”) – The Company is pleased to announce that its private placement announced May 18, 2016, as amended June 15, 2016, has completed.
The Company has issued 4,200,000 Units at $0.10 per Unit for gross proceeds of $420,000. Each Unit consists of one common share and one share purchase warrant, entitling the holder to acquire an additional common share at $0.15 per share for a one year period. The Company paid a 8% cash finder’s fee on a portion of the funds raised.
On behalf of the Board of Directors
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. Canadian Zeolite does not assume the obligation to update any forward-looking statement.