Apr 22, 2015
Zazu Metals Inc. Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2015) - Zazu Metals Corporation (TSX:ZAZ)(OTCQX:ZAZUF) ("Zazu", the "Company") is proceeding with a non-brokered private placement to raise up to US$2,000,000 through the issuance of up to 10 million shares at a price of C$0.25 per share or US$0.20 per share. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day.
The Company intends to use the proceeds from the private placement for property development expenditures and general working capital purposes. Completion of the private placement is subject to regulatory approval.
About Zazu Metals:
Zazu is a Canadian-based exploration company with a 50% operating interest in the Lik zinc - lead - silver deposit in Northwest Alaska, which is large tonnage, high grade and potentially open pittable. Zazu completed a positive PEA in 2014 and has the exclusive right to obtain 80% of the property by meeting certain spending commitments by 2018.
Additional information about Zazu including a company presentation is available at www.zazumetals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Chairman and CEO
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