12:27:06 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



InZinc Mining Ltd
Symbol IZN
Shares Issued 66,511,419
Close 2014-09-16 C$ 0.185
Market Cap C$ 12,304,613
Recent Sedar Documents

ORIGINAL: InZinc Mining arranges $1-million private placement

2014-09-19 11:14 ET - News Release

Received by email:

File: IZN News 14-8, final.DOCX


September 19, 2014 News Release 2014-8

INZINC ANNOUNCES ADDITIONAL $1 MILLION PRIVATE PLACEMENT
InZinc Mining Ltd. (IZN-TSX Venture) (the "Company") is pleased to announce a non-brokered private placement of up to 
--->5.68 million units at a price of $0.18 per unit for gross proceeds of approximately $1 million. Each unit consists of 
--->one common share and one-half of one common share purchase warrant. Each full warrant will be exercisable to acquire o
--->ne additional common share of the Company at a price of $0.30 per share for a period of 24 months. The financing follo
--->ws the Company's $600,000 financing which closed on August 29, 2014,
In connection with the private placement, the Company will pay a finders' fee to certain arm's length individuals on a
---> portion of the placement consisting of a cash fee equal to 7% of the gross proceeds received by the Company and warra
--->nts, having the same attributes as the warrants comprised in the units, equal to 7% of the units sold under the placem
--->ent through the efforts of the finders.  No other fee or commission is payable by the Company in connection with the f
--->inancing.
The net proceeds from the private placement will be used for advancement of the Company's West Desert project and for 
--->general corporate purposes.
Closing of the financing is subject to receipt of 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 restriction on resale
---> from the completion date.
About InZinc
InZinc Mining Ltd. is focussed on advancing its 100% owned West Desert zinc-copper-iron project in western Utah. An in
--->dependent Preliminary Economic Assessment (PEA) was announced on April 1, 2014 and concludes that conventional mining 
--->and processing of the West Desert resources would provide strong potential cash-flow and a corresponding high rate of 
--->return (see NR14-02). From clean, high-quality concentrates, West Desert has the potential to produce 1.6 billion poun
--->ds of payable zinc and 146 million pounds of payable copper at low cost over a mine life of approximately 15 years. Ov
--->er the same period, approximately 15 million tonnes of high quality iron (magnetite) concentrates suitable for domesti
--->c or off-shore markets would be produced as a potential high-value co-product, also at low cost.
West Desert benefits from all-weather road access, on-site grid power and proximity to natural gas. It is located 90 k
--->m from multiple transcontinental rail networks servicing multiple western US ports and accessing all major North Ameri
--->can markets. Large and potentially expandable resources are an additional advantage for the project. 
Chris Staargaard, P.Geo., a Qualified Person as defined in NI43-101, has approved the technical content of this news r
--->elease.
InZinc Mining Ltd.

 
"Chris Staargaard"     
_____________________________    
C.F. Staargaard      For further information contact:
President and CEO     Joyce Musial, Corporate Communications
Phone: (604) 687-7211     Phone: (604) 317-2728
Website: www.inzincmining.com    Email: joyce@inzincmining.com

Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking 
--->statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than state
--->ments of historical fact, included herein including, without limitation, statements regarding the Company's next share
--->holder meeting. Although the Company believes that such statements are reasonable, it can give no assurance that such 
--->expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, 
--->expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer t
--->o future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees 
--->of future results, performance, or actions and that actual results and actions may differ materially from those in for
--->ward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties d
--->isclosed in the Company's Management Discussion and Analysis for the year ended December 31, 2013 filed with certain s
--->ecurities commissions in Canada and other information released by the Company and filed with the appropriate regulator
--->y agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are 
--->urged to review these materials, including the technical reports filed with respect to the Company's mineral propertie
--->s.
THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND 
--->DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES HEREIN
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



© 2024 Canjex Publishing Ltd. All rights reserved.