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Enter Symbol
or Name
USA
CA



InZinc Mining Ltd
Symbol IZN
Shares Issued 66,511,419
Close 2014-09-29 C$ 0.16
Market Cap C$ 10,641,827
Recent Sedar Documents

InZinc Mining closes $1.02-million private placement

2014-09-30 09:21 ET - News Release

Mr. Chris Staargaard reports

INZINC CLOSES $1,000,000 PRIVATE PLACEMENT

InZinc Mining Ltd. has closed the non-brokered private placement announced on Sept. 19, 2014. A total of 5,694,000 units were sold at a price of 18 cents per unit for gross proceeds of $1,024,920. Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant will be exercisable to acquire one additional common share of the company at a price of 30 cents per share for a period of 24 months. The financing follows the company's $600,000 financing which closed on Aug. 29, 2014.

In connection with the private placement, the company paid a finder's fee to certain arm's-length individuals on a portion of the placement, consisting of a cash fee equal to 7 per cent of the gross proceeds received by the company and warrants, having the same attributes as the warrants comprised in the units, equal to 7 per cent of the units sold under the placement through the efforts of the finders. No other fee or commission is payable by the company in connection with the financing.

The net proceeds from the private placement will be used for advancement of the company's West Desert project and for general corporate purposes.

The securities issued in connection with the financing will be subject to a four-month restriction on resale from the completion date.

We seek Safe Harbor.

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