By Devika Patel
Knoxville, Tenn., May 27 - Canada Zinc Metals Corp. said it has negotiated a C$3 million private placement of units.
The company will sell 5 million units at C$0.60 each. Each unit will consist of one common share and one half-share warrant, with each whole warrant exercisable at C$0.80 for 18 months.
Proceeds will be used for exploration and working capital.
Canada Zinc Metals is a mineral resource exploration company based in Vancouver, B.C.
| Issuer: | Canada Zinc Metals Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 5 million
|
| Price: | C$0.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.80
|
| Pricing date: | May 27
|
| Stock symbol: | TSX Venture: CZX
|
| Stock price: | C$0.435 at close May 26
|
| Market capitalization: | C$41 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
