Published on 10/3/2008 in the Prospect News PIPE Daily.
New Issue: Canada Zinc wraps C$6.08 million private placement of shares
By Devika Patel
Knoxville, Tenn., Oct. 3 - Canada Zinc Metals Corp. said it took in C$6.08 million from a non-brokered private placement of stock.
The company sold 6,752,667 flow-through shares at C$0.90 per share on a bought-deal basis.
Proceeds will be used for exploration.
Canada Zinc Metals is a mineral resource exploration company based in Vancouver, B.C.
| Issuer: | Canada Zinc Metals Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$6,077,400.30
|
| Shares: | 6,752,667
|
| Price: | C$0.90
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Settlement date: | Oct. 3
|
| Stock symbol: | TSX Venture: CZX
|
| Stock price: | C$0.60 at close Oct. 2
|
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