Redzone Resources Ltd.

Redzone Resources Ltd.

March 22, 2010 17:46 ET

Redzone Increases Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2010) - Redzone Resources Limited (CNSX:REZ) ("Redzone") is pleased to announce that it has increased the size of its previously announced private placement, such that Redzone now proposes to issue up to an aggregate of 9,627,887 units ("Units") at a price of $0.45 per Unit to raise aggregate gross proceeds of up to approximately $4,332,550. All other terms of the offering remain the same as set forth in the previous press release of the Company dated February 12, 2010. 

Forward-Looking Statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Redzone, including, but not limited to the impact of general economic conditions, industry conditions, risks associated with mining activities, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Redzone Resources Ltd.
    Michael Murphy
    President and Chief Executive Officer
    (604) 649-2350