By Sheri Kasprzak
New York, July 20 - Yukon Zinc Corp. said it has completed its previously announced private placement for C$4,999,984 with the exercise of an over-allotment option.
The company sold 22,727,200 flow-through shares at C$0.22 each, including 13,636,200 shares sold under a greenshoe exercised by a syndicate of underwriters led by Paradigm Capital Inc. and including First Associates Investments Inc. and Dundee Securities Corp.
The offering was first announced July 6 as a C$2,000,020 deal comprised of 9,091,000 shares.
The proceeds will be used for exploration, a feasibility study and test mining on the company's Wolverine project in the Yukon.
Based in Vancouver, B.C., Yukon Zinc is a mineral exploration company.
Issuer: | Yukon Zinc Corp.
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Issue: | Flow-through shares
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Amount: | C$4,999,984
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Shares: | 22,727,200 (includes greenshoe for 13,636,200 shares)
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Price: | C$0.22
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Warrants: | No
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Underwriters: | Paradigm Capital Inc. (lead); First Associates Investments Inc. and Dundee Securities Corp.
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Pricing date: | July 6
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Settlement date: | July 20
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Stock price: | C$0.21 at close July 20
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