Zacatecas Silver increases private placement to $3.75 million

Zacatecas Silver Corp. (TSXV: ZAC; OTC: ZCTSF) announced an increase in its private placement financing from 41,666,666 units to 62,500,000 units at $0.06 per unit for gross proceeds of up to $3.75 million.

Each unit consists of one common share and one warrant exercisable at $0.10 per share for two years from the issue date. The company can accelerate the warrant expiry if its share price maintains $0.20 or higher for 20 consecutive trading days.

The company may pay finder fees in cash or share purchase warrants. Securities issued under the offering will be subject to a four-month resale restriction from the issue date.

Proceeds will fund a drilling campaign on the Zacatecas Silver Project, strategic initiatives and working capital. The offering requires TSX Venture Exchange acceptance.

The company operates two projects in Mexico: the Esperanza Gold Project in Morelos State and the Zacatecas Silver Project in Zacatecas State. The Zacatecas project covers 7,826 hectares in the Fresnillo silver belt and is located 25 kilometers southeast of MAG Silver Corp.'s Juanicipio Mine and Fresnillo PLC's Fresnillo Mine.

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