Zara Resources Inc. (CNSX:ZRI) Begins Trading on Canadian National Stock Exchange (CNSX) - Video Summary Posted on www.InvestmentPitch.com
2012-12-10 23:57:20 -
Vancouver, British Columbia, December 10, 2012 - Zara Resources Inc. (CNSX:ZRI)
is one of the latest new listings on the Canadian National Stock Exchange. The
company was spun-off from Winston Resources (CNSX:WRW), with each Winston
shareholder receiving one share of Zara Resources for every 25 shares of Winston
held on October 31, 2012.
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of Zara Resources. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Zara" in the search box.
Zara has 25 million shares outstanding, with Winston retaining 22.4 million, or
approximately 90%, resulting in a "thin float" classification by the CNSX.
The company is focusing its main efforts on developing two properties in the
Ring of Fire in Ontario.
Zara owns an option with Melkior Resources whereby Zara can obtain up to a 70%
ownership position in a highly prospective Nickel-Copper-PGE mineralization
project. The Broke Back and Riverbank properties are adjacent to Noront's Eagle
One and Eagle Two nickel-copper projects and to Cliff Resources Black Thor
deposit which is the largest Chromite deposit in North America.
The Broke Back property consists of 18 unpatented mining claims comprising of
256 claim units covering an area of approximately 4,096 hectares. The Riverbank
property consists of 8 unpatented mining claims comprising 87 claim units
covering an area of approximately 1392 hectares. Zara is reviewing the data to
plan the next stage of exploration, and establish a drilling program.
For more information on the Broke Back and Riverbank properties, including the
NI 43-101 Technical Report, please visit the company's website at
www.zararesourcesinc.com, call Danny Wettreich at 416-628-9879 or email
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