Zara Resources to Transform into a Natural Resources Investment Company
Directors Approve Share Consolidation and Management ChangeToronto, Ontario--(Newsfile Corp. - September 14, 2015) - Zara Resources Inc (CSE: ZRI) ("Zara" or the "Company") announces that it intends to seek shareholder approval to change its business to a natural resources investment company. Zara proposes to change its Board of Directors and its Management, seek a dual listing on the London AIM Market while retaining its CSE listing, and raise GBP 4 Million (or approximately CAD$8.2 Million)...
2015-09-14 8:53 AM EDT
Zara Resources Appoints Director
Toronto, Ontario--(Newsfile Corp. - July 2, 2015) - Zara Resources Inc (CSE: ZRI) ("Zara" or the "Company") announces that, effective July 1, 2015, David M. Lonsdale has been appointed a director of the Company. Mr. Lonsdale is President and CEO of The Lonsdale Group, a Dallas-based private investor in small cap companies. He is a director of GreenBank Capital Inc (CSE: GBC) a publicly listed Canadian merchant bank. Previously he was for ten years the President of Allegiance Capital...
2015-07-02 10:23 AM EDT
Zara Sells 25% Interest in Mining Claim
Toronto, Ontario--(Newsfile Corp. - April 10, 2015) - Zara Resources Inc (CSE: ZRI) ("Zara") announces that it has sold a 25% interest in its Pigeon River mining claim to Hadley Mining Inc ("Hadley") for the sum of $9,000. The Pigeon River mining claim is located about 80 kilometers to the west of Thunder Bay in the Pigeon River area of Northwest Ontario, and covers an unexplored magnetic target with potential to host nickel, copper and platinum group elements mineralization Due the deemed...
2015-04-10 5:02 PM EDT
Zara Issues Common Shares for Preferred Dividend
Toronto, Ontario--(Newsfile Corp. - January 26, 2015) - Zara Resources Inc. (CSE: ZRI) ("Zara") announces that the outstanding yield due and payable on its Preferred Shares Series A has been paid in full by the issuance of 91,000 common shares at $0.05 per share. There are now 43,326,660 common shares issued and outstanding. About Zara Resources Zara is a Toronto based mineral company exploring its Forge Lake gold project and its Pigeon River nickel-copper project in Ontario, Canada. For...
2015-01-26 4:40 PM EST
Zara Issues Common Shares for Preferred Dividend
Toronto, Ontario--(Newsfile Corp. - January 7, 2015) - Zara Resources Inc. (CSE: ZRI) ("Zara") announces that the outstanding yield due and payable on its Preferred Shares Series B has been paid in full by the issuance of 940,900 common shares at $0.05 per share. There are now 43,235,660 common shares issued and outstanding. About Zara Resources Zara is a Toronto based mineral company exploring its Forge Lake gold project and its Pigeon River nickel-copper project in Ontario, Canada. For...
2015-01-07 11:58 AM EST
Zara Converts Debt to Common Shares
Toronto, Ontario--(Newsfile Corp. - November 27, 2014) - Zara Resources Inc. (CSE: ZRI) ("Zara") announces that it has settled indebtedness owing to four different parties in the total amount of $483,808 by the issuance of a total of 9,676,160 common shares at $0.05 per common share (the "Debt Conversion"). No commission is payable in relation to the Debt Conversion. The common shares are subject to a hold period of four months and a day. The total amount of Zara shares issued and outstanding...
2014-11-27 9:47 AM EST
Zara Insider Reorganizes Shareholdings
Toronto, Ontario--(Newsfile Corp. - October 21, 2014) - Zara Resources Inc. (CSE: ZRI) ("Zara" or the “Company”) and Daniel Wettreich its Chairman and CEO, together with Sammiri Capital Inc. (“Sammiri”), a private company that is wholly owned by Mr Wettreich, announce that Mr.Wettreich has sold and Sammiri has purchased an aggregate of 1,076,000 common shares in the capital of Zara. This reorganization of Mr.Wettreich’s shareholdings was carried out for investment purposes. Immediately after...
2014-10-21 5:04 PM EDT
Zara Terminates Letter of Intent
Toronto, Ontario--(Newsfile Corp. - October 17, 2014) - Zara Resources Inc (CSE: ZRI) (“Zara” or “the Company”) announces that it has terminated the Letter of Intent for the proposed purchase of recreational marine assets. Originally signed on May 30, 2014 and amended on June 17, 2014, the proposed transaction as set out in the Letter of Intent required Chivas Land Limited (“Chivas”) to raise $350,000 in a private placement of Zara shares at $0.05 per share, however Chivas has not met its...
2014-10-17 9:10 AM EDT
Zara Amends Letter of Intent
Toronto, Ontario--(Newsfile Corp. - June 20, 2014) - Zara Resources Inc (CSE: ZRI) announces that it signed on June 19, 2014 an amendment to the Letter of Intent ("LOI") previously signed on May 30, 2014, which amendment, among other matters, changes the composition of the consideration for the proposed purchase of the recreational marine assets to now comprise only of newly issued shares of Zara. At closing of the proposed definitive binding agreement, the consideration for the purchase of...
2014-06-20 4:10 PM EDT
Zara Signs Letter of Intent to Acquire Recreational Marine Assets
Toronto, Ontario--(Newsfile Corp. - May 30, 2014) - Zara Resources Inc (CSE: ZRI) announces that it has signed a Letter of Intent ("LOI") and proposes to enter into a definitive binding agreement (the "Agreement") to acquire certain recreational marine assets comprising two recreational submarines, a 10 year lease on a luxury yacht named Avery Claire, and the website www.LuxAquatica.com offering luxury yacht and diving services ("Lux Aquaticata") for the sum of $500,000 (the "Consideration")....
2014-05-30 10:50 AM EDT
Zara Terminates Take-Overs
Toronto, Ontario--(Newsfile Corp. - May 14, 2014) - Zara Resources Inc (CSE: ZRI) announces that it has terminated with immediate effect its simultaneous take- over bids for Visible Gold Mines Inc. (TSXV:VGD), Greencastle Resources Ltd (TSXV:VGN) and Altai Resources Inc. (TSXV:ATI) due to changed market conditions. About Zara Resources Zara is a Toronto, Ontario-based mineral company developing its Forge Lake gold project and its Pigeon River nickel-copper project in Ontario, Canada. It...
2014-05-14 7:00 AM EDT