The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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