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VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) Zadar Ventures Ltd. (the Company ) (TSX. V - ZAD) (OTCQB - ZADDF) (Frankfurt – ZAV0.F) would like to take this opportunity to update its current and future shareholders. We are pleased to announce that we have received shareholder approval for the proposed acquisition by the Company of XRApplied SAS, which was announced July 31, 2020.
We have also filed a preliminary listing statement with the CSE under the name XRApplied Technologies Inc ( XRA ). Under the terms of our agreement, we will raise a minimum $700,000 and a maximum $3,500,000 at a price of $0.35 per unit by way of a non-brokered accredited investor private placement. Each unit consists of one common share and one share purchase warrant exercisable at $0.75 during the first year and $1.00 the second year.