By Devika Patel
Knoxville, Tenn., June 30 - Canadian Zinc Corp. said it settled a C$2.5 million private placement of stock. The deal priced for C$2 million on June 17.
The company sold 6.25 million flow-through common shares at C$0.40 each.
Northern Securities Inc. was the lead agent of a syndicate that included Haywood Securities Inc.
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$2.5 million
|
| Shares: | 6.25 million
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agents: | Northern Securities Inc. (lead), Haywood Securities Inc.
|
| Pricing date: | June 17
|
| Settlement date: | June 30
|
| Stock symbol: | Toronto: CZN
|
| Stock price: | C$0.39 at close June 17
|
| Market capitalization: | C$46.4 million
|
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