Providing coverage of Alaska and Northwest Canada's mineral industryJuly 2016
| Vol 21, No. 29 | Week of July 17, 2016 |
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Mining News: Northern Neighbors: CZN raises C$10.2M
Canadian Zinc Corp. July 7 reported the closing of a C$10.2 million public offering through a syndicate of underwriters co-led by Paradigm Capital Inc. and Canaccord Genuity Corp. and including Dundee Securities Ltd. As a result of the financing, Canadian Zinc issued 34,135,000 common shares at C25 cents per share and 6,665,000 flow-through shares at C25 cents per share. The net proceeds will be used to fund feasibility and development programs for the Prairie Creek zinc project in Northwest Territories; exploration programs at Prairie Creek and the company’s Newfoundland properties; and general working capital purposes.
-Shane Lasley
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