By Devika Patel
Knoxville, Tenn., July 7 - Zincore Metals Inc. said Tuesday it has completed a C$2.91 million non-brokered private placement of units. The deal priced for C$3 million on June 28.
The company sold 8,308,572 units of one common share and one half-share warrant at C$0.35 per unit. The whole warrants are exercisable at C$0.45 each for two years.
Proceeds will be used to pursue in-fill drilling at the Accha and Yanque projects in Peru, as well as exploration at Zincore's other prospects.
The zinc, base and precious metals mineral exploration and development company is based in Vancouver, B.C.
| Issuer: | Zincore Metals Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2,908,000
|
| Units: | 8,308,572
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | June 28
|
| Settlement date: | July 6
|
| Stock symbol: | Toronto: ZNC
|
| Stock price: | C$0.295 at close June 25
|
| Market capitalization: | C$30.8 million
|
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