Redzone Resources lifts private placement of stock to C$1.11 million

Non-brokered deal offers 7,416,667 common shares at C$0.15 per share

By Devika Patel

Knoxville, Tenn., Oct. 31 - Redzone Resources Ltd. said it increased its non-brokered private placement of stock to C$1.11 million from C$1 million. The deal priced Oct. 29.

The company will now sell 7,416,667 common shares at C$0.15 each. The price per share is an 11.77% discount to C$0.17, the Oct. 26 closing share price.

Redzone, based in Vancouver, B.C., is a copper and gold exploration company.

Issuer:	Redzone Resources Ltd.
Issue:	Common stock
Amount:	C$1,112,500
Shares:	7,416,667
Price:	C$0.15
Warrants:	No
Agent:	Non-brokered
Pricing date:	Oct. 29
Upsized:	Oct. 31
Stock symbol:	Toronto: REZ
Stock price:	C$0.17 at close Oct. 26
Market capitalization:	C$6.48 million

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