Pine Point Completes $2 Million Private Placement Led by Zebra Holdings

TORONTO, ONTARIO--(Marketwired - Aug. 24, 2017) - Pine Point Mining Limited (TSX VENTURE:ZINC) ("Pine Point" or the "Company") is pleased to announce that is has closed its previously announced non-brokered private placement through the issuance of 8,000,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of $2,000,000 (the "Offering"). Each Unit consists of one common share ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.35 per Common Share for a period of two (2) years from the closing of the Offering.