18:02:23 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Inzinc Mining Ltd
Symbol IZN
Shares Issued 73,705,419
Close 2017-11-22 C$ 0.125
Market Cap C$ 9,213,177
Recent Sedar Documents

Inzinc Mining to increase financing to $3M

2017-11-23 09:07 ET - News Release

Mr. Wayne Hubert reports

INZINC ANNOUNCES $1 MILLION UPSIZING OF PRIVATE PLACEMENT FOR UP TO $3 MILLION GROSS PROCEEDS

Inzinc Mining Ltd. is increasing its previously announced non-brokered private placement, from total gross proceeds of up to $2-million to total gross proceeds of up to $3-million. The offering will now consist of up to 30 million units at a price of 10 cents per unit for aggregate proceeds of up to $3.0-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each full warrant will entitle its holder to acquire one common share at an exercise price of 15 cents for a period of 24 months from completion of the financing.

The net proceeds from the financing will be used for advancement of the company's exploration projects and for general corporate purposes.

Closing of the financing is expected to occur on or before Dec. 7, 2017, and is subject to all regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued in connection with the financing will be subject to a four-month hold period from the date of closing in accordance with applicable securities legislation.

About Inzinc Mining Ltd.

Inzinc is focused on growth in zinc through exploration and expansion of the advanced stage West Desert project (100 per cent) in Utah and exploration of the early-stage Indy project (100-per-cent option) in British Columbia. West Desert has a large underground resource open for expansion and has district scale exploration potential. A West Desert preliminary economic assessment completed in 2014 forecasted 1.6 billion pounds of zinc production over 15 years. Indy comprises both near surface exploration targets and regional discovery potential.

We seek Safe Harbor.

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