TORONTO, Ontario CANADIAN ZINC CORP. has increased its flow-through and non-flow-through offering to a maximum of $7.05 million rather than the original $2.5 million amount. The offering consists of 11.6 million non-flow-through units and 2.5 million flow-through shares, both types priced at $0.50 each, which will be offered for sale to qualified purchasers in Ontario, British Columbia, Alberta, and applicable overseas jurisdictions.
The proceeds of this placement, along with existing working capital of $1.3 million, will be sufficient to complete exploration, development, final permitting, as well as a bankable feasibility study on the Prairie Creek mine in the Northwest Territories.
More information on the project is available at CMJ's web site, www.canadianminingjournal.com, in last week's Net News or at the company's web site, www.canadianzinc.com.
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