By Laura Lutz
Washington, March 6 - Yukon Zinc Corp. announced plans for a private placement of units for up to C$5 million.
The company plans to sell units of one share and one half-share warrant at C$0.23 per unit. Each whole warrant will be exercisable at C$0.30 for two years.
A syndicate led by Paradigm Capital Inc. and including Canaccord Capital Corp., Dundee Securities Corp. and Orion Securities Inc. will act as agents.
Settlement is expected on April 4.
Proceeds will be used to fund the company's Wolverine project and for general corporate purposes.
Yukon Zinc is a resource exploration and development company based in Vancouver, B.C.
| Issuer: | Yukon Zinc Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5 million
|
| Price: | C$0.23
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agents: | Paradigm Capital Inc. (lead), Canaccord Capital Corp., Dundee Securities Corp., Orion Securities Inc.
|
| Pricing date: | March 6
|
| Settlement date: | April 4
|
| Stock symbol: | TSX Venture: YZC
|
| Stock price: | C$0.24 at close March 6
|
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