Vancouver, British Columbia, December 10, 2012 - Zara Resources Inc. (CNSX:ZRI) is one of the latest new listings on the Canadian National Stock Exchange. The company was spun-off from Winston Resources (CNSX:WRW), with each Winston shareholder receiving one share of Zara Resources for every 25 shares of Winston held on October 31, 2012.
InvestmentPitch.com has produced a "video news alert (http://www.investmentpitch.com/video/0_eq4z6hbb/Zara-Resources-CNSX-ZRI-New-Listing)" which provides a brief overview of Zara Resources. If this link is not enabled, please visit www.InvestmentPitch.com (http://www.investmentpitch.com/) and enter "Zara" in the search box.
Zara has 25 million shares outstanding, with Winston retaining 22.4 million, or approximately 90%, resulting in a "thin float" classification by the CNSX.
The company is focusing its main efforts on developing two properties in the Ring of Fire in Ontario.
Zara owns an option with Melkior Resources whereby Zara can obtain up to a 70% ownership position in a highly prospective Nickel-Copper-PGE mineralization project. The Broke Back and Riverbank properties are adjacent to Noront's Eagle One and Eagle Two nickel-copper projects and to Cliff Resources Black Thor deposit which is the largest Chromite deposit in North America.
The Broke Back property consists of 18 unpatented mining claims comprising of 256 claim units covering an area of approximately 4,096 hectares. The Riverbank property consists of 8 unpatented mining claims comprising 87 claim units covering an area of approximately 1392 hectares. Zara is reviewing the data to plan the next stage of exploration, and establish a drilling program.
For more information on the Broke Back and Riverbank properties, including the NI 43-101 Technical Report, please visit the company's website at www.zararesourcesinc.com (http://www.zararesourcesinc.com/), call Danny Wettreich at 416-628-9879 or email dw@WinstonResourcesInc.com (mailto:dw@WinstonResourcesInc.com).
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com (mailto:bmorgan@investmentpitch.com)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
