By Laura Lutz
Des Moines, April 10 - Yukon Zinc Corp. increased its previously announced private placement of units to C$10 million from C$5 million and lowered the price per unit to C$0.20 from C$0.23.
Each unit will consist of one share and one half-share warrant. 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.
The deal originally priced on March 6. Settlement is now expected on April 23.
Proceeds will be used for ongoing activities at 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$10 million
|
| Price: | C$0.20
|
| 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 23
|
| Stock symbol: | TSX Venture: YZC
|
| Stock price: | C$0.24 at close March 6
|
| Stock price: | C$0.215 at close April 10
|
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