Zonte Metals Inc. announced a non-brokered private placement of 770,000 common shares at a price of CAD 0.065 and 3,125,000 flow through units at a price of CAD 0.08 per unit for the gross proceeds of CAD 300,050 on December 21, 2023. Each unit will consist of one common share and one share purchase warrant entitling the holder to acquire one additional common share at a price of CAD 0.14 for a period of 24 months from the date of issuance. The company may consider increasing the size of the offering depending on demand.

Eligible finders will be entitled to a Finders? Fees in connection with securities sold pursuant to the offering of (i) cash in an amount equal to 7% of the aggregate gross subscription proceeds received from the sale of securities; and (ii) Finders? warrants equal to 7% of the number of securities sold in the offering, each such Finders?

Warrant exercisable at any time up to 18 months following its date of issuance to purchase one common share of the company at an exercise price of CAD 0.20 per share. The transaction is expected to close on or about December 27, 2023. Certain insiders of the company may acquire units in the Offering valued at up to CAD 20,000.