By Devika Patel
Knoxville, Tenn., June 11 - Canadian Zinc Corp. said it plans a C$2 million private placement of stock. Northern Securities Inc. is lead agent of a syndicate that includes Haywood Securities Inc.
The company will sell the flow-through common shares at C$0.40 each.
Settlement is expected July 9.
Proceeds will be used for exploration on the Prairie Creek Project and specifically to undertake a deep-hole diamond drill exploration program this summer.
Toronto-based Canadian Zinc is a zinc exploration company.
| Issuer: | Canadian Zinc Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agent: | Northern Securities Inc. (lead), Haywood Securities Inc.
|
| Pricing date: | June 17
|
| Settlement date: | July 9
|
| Stock symbol: | Toronto: CZN
|
| Stock price: | C$0.39 at close June 17
|
| Market capitalization: | C$45.8 million
|
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