Zara Resources Inc - Winston Resources Inc
Toronto, Ontario, September 19, 2017- Zara Resources Inc. (CSE: ZRI) (“Zara” or the “Company”) announces that, following due diligence discussions, it has amended the terms of its proposed acquisition of the Fox Magnum electric car business. Zara will proceed with the acquisition by Zara of all the issued share capital of Fox Automotive Switzerland AG (“Fox”). It will not proceed with the acquisition of Magnum Pirex AG and its Read more
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Toronto, Ontario, June 14, 2017- Zara Resources Inc. (CSE: ZRI) (“Zara” or the “Company”) announces that, following on from the previously announced acquisition agreement (“Acquisition Agreement”) by Zara of the Fox Magnum Automotive group (“Fox Magnum”), an exclusive South Korean manufacturing and distribution agreement has been signed by Fox Magnum. A South Korean investment group has agreed to pay For Magnum approximat Read more
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Toronto, Ontario, April 13, 2017- Zara Resources Inc. (CSE: ZRI) (“Zara” or the “Company”) announces that, following on from the Letter of Intent announced on March 2, 2017, it has signed a Definitive Agreement (the “Acquisition Agreement”) for the acquisition by Zara of all the issued share capital of Fox Automotive Switzerland AG, Magnum Pirex AG and its subsidiary Magnum Courb SAS (“Fox Magnum”) for the Read more
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Toronto, Ontario, March 2, 2017- Zara Resources Inc. (CSE: ZRI) (“Zara” or the “Company”) announces that it has signed a Letter of Intent which defines the essential terms under which it will enter into a definitive agreement (the “Acquisition Agreement”) for the acquisition by Zara of all the issued share capital of Fox Automotive Switzerland AG, Magnum Pirex AG and its subsidiary Magnum Courb SAS (“Fox Magnum&# Read more
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Toronto, Ontario, January 19, 2016 – Zara Resources Inc (CSE: ZRI) (“Zara”) announces that it has sold a 25 percent interest in its Pigeon River mining claim to Winston Resources Inc (“Winston”) 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 Read more
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INTENDS A DUAL LISTING ON THE LONDON AIM MARKET DIRECTORS APPROVE SHARE CONSOLIDATION AND MANAGEMENT CHANGE Toronto, Ontario, 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 whil Read more
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Toronto, Ontario, 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 Pres Read more
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Toronto, Ontario, 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 Read more
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Toronto, Ontario, 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 Read more
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Toronto, Ontario, 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 co Read more
Latest News
  • September 19th, 2017
    ZARA AMENDS DEFINITIVE AGREEMENT TO ACQUIRE ELECTRIC CAR BUSINESS AND SIGNS LETTER OF INTENT TO ACQUIRE BATTERY BUSINESS... More
  • June 14th, 2017
    Zara’s Proposed Acquisition Fox Magnum Automative Signs $3.7M South Korean Manufacturing and Distribution Agreement... More
  • April 13th, 2017
    Zara Signs Definitive Agreement to Acquire Fox Magnum Automotive... More