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
Gil Atzmon,
Chairman and CEO
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