InZinc Mining Ltd. (TSXV:IZN) revealed that the non-brokered private placement it announced on August 7, 2014 now consists of 3.3334 million units priced at $0.18 each. Proceeds will come to $600,012.
As quoted in the press release:
Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant will entitle its holder to subscribe for one share at 30 cents per share for a period of 24 months from completion of the financing. No commission is payable and proceeds from the placement will be used for general corporate purposes.
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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