Vancouver (pcJ News Briefs) – Canada Zinc Metals Corp. (TSX-V: CZX) has completed a private placement of 3,415,390 flow-through (FT) common shares at a price of $0.44 per FT common share for gross proceeds of $1,502,771.60.
Proceeds will be used to finance exploration of the company’s Akie and Kechika Reginal projects in British Columbia.
Canada Zinc Metals owns 100% of eleven, large, contiguous property blocks that comprise the Akie and Kechika Regional projects. The company’s flagship Akie Project is host to the Cardiac Creek deposit and remains the primary corporate focus. The Kechika Regional Project includes the Pie, Yuen, Cirque East and Mt. Alcock properties extending northwest from the Akie property for approximately 140 kilometres along the strike of the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX zinc-lead-silver deposits in the Kechika Trough of northeastern British Columbia.
photo credit: Canada Zinc Metals