By Laura Lutz
Des Moines, April 23 - Yukon Zinc Corp. settled a private placement of units for C$10,186,990, up from the C$10 million deal size announced on April 10.
The company sold 50,934,950 units at C$0.20 apiece.
Each unit consists of one share and one half-share warrant. Each whole warrant is exercisable at C$0.30 for two years.
A syndicate led by Paradigm Capital Inc. and including Canaccord Capital Corp., Dundee Securities Corp. and Orion Securities Inc. were agents.
The deal originally priced on March 6 as a C$5 million offering of units at C$0.23 per unit.
The offering was upsized to C$10 million and the unit price was lowered to C$0.20 on April 10.
Proceeds will be used for ongoing activities at the company's Wolverine project and for general corporate purposes.
Yukon Zinc is a resource exploration and development company based in Vancouver, B.C.
| Issuer: | Yukon Zinc Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$10,186,990
|
| Units: | 50,934,950
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agents: | Paradigm Capital Inc. (lead), Canaccord Capital Corp., Dundee Securities Corp., Orion Securities Inc.
|
| Pricing date: | March 6
|
| Upsized: | April 10
|
| Settlement date: | April 23
|
| Stock symbol: | TSX Venture: YZC
|
| Stock price: | C$0.24 at close March 6
|
| Stock price: | C$0.215 at close April 10
|
| Stock price: | C$0.20 at close April 23
|
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