By Devika Patel
Knoxville, Tenn., Aug. 20 - Zincore Metals Inc. said it will take in C$5 million in a non-brokered private placement of stock.
The company will sell 20 million common shares at C$0.25 per share.
Settlement is expected Sept. 30.
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$5 million
|
| Shares: | 20 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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