home >> CZM news >> march 9, 2006
CZM Announces $300,000 Non-Brokered Flow-Through Financing
VANCOUVER, CANADA, March 9, 2006, - CZM Capital Corp. (the "Company") is pleased to announce a non-brokered private placement of up to 1,500,000 units at 20 cents per unit for proceeds of $300,000. The units consist of 1,500,000 flow-through common shares and 1,500,000 share purchase warrants. Each warrant is exercisable into one common share for two years from the closing date at a price of 25 cents per share in the first year and 30 cents per share in year two. The proceeds of the private placement will be allocated primarily for the exploration of the TAG Gold Silver Property (Press Release January 24, 2006). The shares are subject to a hold period of four months and one day from the date of issuance. Finder's fees will be paid in connection with this financing.
CZM intends to complete a 2500m NQ-core diamond drilling program on a 6km long fault structure that crosses the TAG property. Metal values from surface sampling to date, range up to 18.7 g/t Au, 1374 g/t Ag. The objective of the program will be to test for ore grade gold and silver along the fault structure.
On behalf of CZM Capital Corp.,
Zachery Dingsdale
President & CEO
CZM Capital Corp. is a resource exploration company focused on the exploration and development of precious and base metal properties in Canada.
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1-905-377-0989.

