Toronto (pcJ News Briefs) – Nevada Zinc Corporation (TSX-V: NZN) has filed and obtained a receipt for a preliminary short form prospectus for a public offering of units for gross proceeds of $2,000,000.
Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant shall be exercisable into one common share at a price of $0.50 per share for a period of 24 months from the closing date of the offering.
Canaccord Genuity Corp. is acting as sole lead manager and sole bookrunner in respect of the offering.
Nevada Zinc intends to use the net proceeds for continuing exploration and development of its Lone Mountain zinc project in Nevada and the gold exploration projects in Yukon, and for working capital and general corporate purposes.
photo credit: Nevada Zinc
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