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Canada Zinc Metals closes $500,000 private placement and proceeds with Option Deal on Kechika Regional Project - Pie, Cirque East and Yuen Properties
Canada Zinc Metals closes $500,000 private placement and proceeds with Option Deal on Kechika ...
About this update from Zincx Resources Corp.
[{"type":"text","content":"Canada Zinc Metals closes $500,000 private placement and proceeds with Option Deal on Kechika Regional Project - Pie, Cirque East and Yuen PropertiesCanada Zinc Metals closes $500,000 private placement and proceeds with Option Deal on Kechika Regional Project - Pie, Cirque East and Yuen Properties\nVancouver, British Columbia CANADA, September 17, 2013 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to announce that the Company has completed a private placement with Teck Resources Limited (\"Teck\" TSX: TCK.B) for 1,250,000 units of Canada Zinc Metals at a price per unit of $0.40, resulting in a total subscription of $500,000. Each unit consists of one common share and one share purchase warrant that will entitle Teck to purchase one additional common share of Canada Zinc Metals within 24 months at a price of $0.40 per share. The securities issued under the private placement are subject to resale restrictions expiring on January 17, 2014.\nThe Company has also been advised by the TSX Venture Exchange (the \"Exchange\") that the Exchange has approved the previously announced option agreement with Teck that will see Teck earn into the Company's Pie, Cirque East and Yuen properties; three of the 10 regional properties that make up the Kechika Regional Project. Details of the option agreement are contained in the Company's news release of September 9, 2013\nPeeyush Varshney, President & CEO of the Company, commented \"We are pleased to welcome Teck as an important shareholder of the Company and look forward to Teck's exploration efforts on some of our highly prospective regional Kechika Trough properties. This deal adds to the already noteworthy investment in the Company by Lundin Mining (TSX: LUN) and Tongling Nonferrous Metals of China.\" \nThe TSX Venture Exchange has neither approved nor disapproved the contents of this press release.\nON BEHALF OF THE BOARD OF DIRECTORS\nCANADA ZINC METALS CORP.\n\"PEEYUSH VARSHNEY\"\n_________________________\nPEEYUSH VARSHNEY, LL.B\nCEO & CHAIRMAN\nTo view the press release as a PDF file, please click on the following link:\nhttp://www.usetdas.com/pr/canadazinc09172013.pdf\nSource: Canada Zinc Metals Corp. (CZX - TSX-V)\nMaximum News Dissemination by FSCwire. http://www.fscwire.com\n","length":2478,"tagName":"div"}]