By Devika Patel
Knoxville, Tenn., Sept. 30 - Zincore Metals Inc. said it raised C$6.02 million in a non-brokered private placement of stock. The deal priced for C$5 million on Aug. 20.
The company sold 24.06 million common shares at C$0.25 per share.
Proceeds will be used for exploration and general working capital.
The zinc, base and precious metals mineral exploration and development company is based in Vancouver, B.C.
| Issuer: | Zincore Metals Inc.
|
| Issue: | Common stock
|
| Amount: | C$6,015,000
|
| Shares: | 24.06 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 20
|
| Settlement date: | Sept. 30
|
| Stock symbol: | Toronto: ZNC
|
| Stock price: | C$0.16 at close Aug. 19
|
| Market capitalization: | C$13.5 million
|
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