Zone Amends Quebec Property Agreement
May 02 2014 - 6:00PM
Marketwired Canada
Zone Resources Inc. (TSX VENTURE:ZNR) (the "Company') announces that it has
applied for and received TSX Venture Exchange approval to amend an Option
Agreement dated March 11, 2011 with respect to the Iron Ore mineral property
located in Nunavik, Northern Quebec.
As consideration for waiving such rights as it relates to $75,000 in outstanding
cash payments, the Company will issue to the Optionor 750,000 common shares of
the Company. Upon issuance of the 750,000 common shares, the Company will be
deemed to have exercised the Option and acquired 100% of the remaining property
under the Option Agreement.
About Zone Resources Inc.
Zone Resources Inc. is a Canadian mineral exploration and development company
with projects in Canada.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary note:
This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual production
or formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Zone Resources Inc. - Vancouver Office
Charles Desjardins
President
(604) 683 5445
info@zone-resources.com
www.zone-resources.com