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Zonte Metals will use the funds for "working capital purposes" and to finance exploration at the Cross Hills Iron Oxide Copper Gold Property in Newfoundland and Labrador.

The firm has granted incentive stock options to purchase an aggregate of up to 1.3 million common shares.

Zonte Metals Inc. (TSXV: ZON) has announced the closing of a private placement offering including the second tranche which closed on January 20, 2016. Zonte Metals Inc. is a junior explorer focused on gold and copper that is actively reviewing and completing field due diligence...