Canada Zinc Metals completes $458,800 private placement

Canada Zinc Metals closed a non-brokered private placement raising $458,800

Vancouver (pcJ News Briefs) – Canada Zinc Metals Corp. (TSX-V: CZX) has completed a non-brokered private placement of 1,310,857 units at $0.35 per unit for gross proceeds of $458,800.

Each unit consists of one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder thereof to acquire one additional common share at a price of $0.50 until April 12, 2019.

Proceeds will be used for general working capital and the exploration and development activities on the Akie property.

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