New Issue: Zena to raise $2.68 million from private placement of units, shares

By Devika Patel

Knoxville, Tenn., May 2 - Zena Capital Corp. will raise $2.68 million in a non-brokered private placement of units and stock, according to a 6-K filed Friday with the Securities and Exchange Commission.

The company will sell 5.5 million units at $0.43 apiece for $2.37 million and 730,000 common shares at $0.43 apiece for $313,900.

Each unit comprises one common share and one warrant. Each warrant is exercisable at $0.75 for two years.

Proceeds will be used for general working capital.

Zena is a mineral exploration company based in Vancouver, B.C.

Issuer:	Zena Capital Corp.
Issue:	Units of one common share and one warrant; common shares
Amount:	$2,678,900
Agent:	Non-brokered
Pricing date:	May 2
Stock symbol:	TSX Venture: ZCC
Stock price:	C$0.57 at close May 1
Units
Amount:	$2,365,000
Units:	5.5 million
Price:	$0.43
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	$0.75
Shares
Amount:	$313,900
Shares:	730,000
Price:	$0.43
Warrants:	No

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