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Caadian Zinc (TSX:CZN) has announced that it has filed a preliminary short from prospectus in connection with an overnight public marketed offering of common shows and flow-through common shares. As quoted in the press release: The Offering will be conducted through a syndicate of underwriters led by Paradigm Capital Inc. and Canaccord Genuity Corp. and …
Caadian Zinc (TSX:CZN) has announced that it has filed a preliminary short from prospectus in connection with an overnight public marketed offering of common shows and flow-through common shares.
As quoted in the press release:
The Offering will be conducted through a syndicate of underwriters led by Paradigm Capital Inc. and Canaccord Genuity Corp. and including Dundee Securities Ltd. (collectively, the “Underwriters”). The pricing and number of Offered Securities will be determined in the course of marketing.
The Company will also grant the Underwriters an over-allotment option to purchase at the offering price up to that number of additional Common Shares and Flow-Through Shares equal to 15% of the Offered Securities sold pursuant to the Offering, exercisable at any time up to 30 days after the closing date of the Offering.
The net proceeds from the sale of Common Shares will be used to fund definitive feasibility and development programs for the Prairie Creek Project, exploration programs at both the Prairie Creek Project and the Company’s Newfoundland properties as well as for general working capital purposes.