Canada Zinc Metals Announces Non-Brokered Private Placement
(firmenpresse) - Canada Zinc Metals Announces Non-Brokered Private Placement
Vancouver, British Columbia, Canada - Friday, September 26, 2014 - Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) )(the Company) is pleased to announce a non-brokered private placement of up to 3,181,818 flow-through common shares of the Company at a price of $0.55 per Flow-Through Share, for total proceeds of $1,750,000 (the Flow Through Offering). The Company also announces a non-brokered private placement of up to 700,000 Units at a price of $0.50 per Unit, for total proceeds of $350,000. Each Unit will consist of one common share and one-half share purchase warrant of the Company. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.75 for a period of 12 months from closing (the Unit Offering).
A finders fee will be payable in cash for the Flow Through Offering and the Unit Offering. A majority of the subscribers to the private placements will be secured by Secutor Capital Management Corp.
The private placements are subject to TSX Venture Exchange approval.
The proceeds are to be used for further exploration of the Akie SEDEX zinc-lead property and to explore the Kechika Regional project - the balance of the Companys portfolio of mineral holdings located within the highly prospective Kechika Trough SEDEX zinc-lead basin of northeastern British Columbia.
About the Akie Property
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian Gunsteel formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
PEEYUSH VARSHNEY
-
pEEYUSH vARSHNEY, LL.B
CEO & CHAIRMAN
Contact:
Investor Relations
Phone. (604) 684-2181
info(at)canadazincmetals.com
Leseranfragen:
Canada Zinc Metals ist ein Explorationsunternehmen, das es sich zum Ziel gesetzt hat, das Potenzial für ein zukünftiges langlebiges Abbaugebiet British Columbia, Kanada, freizusetzen.
" alt="Vida Green, Ltd. Adds Nano-Ag Answer to Product Offerings
Datum: 29.09.2014 - 09:51 Uhr
Sprache: Deutsch
News-ID 339467
Anzahl Zeichen: 3464
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 171 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Canada Zinc Metals Announces Non-Brokered Private Placement
"
steht unter der journalistisch-redaktionellen Verantwortung von
Canada Zinc Metals Corp (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
