Canadian Zinc Files Final Prospectus for Bought-deal Offering

Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) announced the filing of a final prospectus “in connection with the previously announced $15 million bought deal public offering.” The British Columbia Securities Commission has issued a receipt.

As quoted in the press release:

As announced on July 9, 2014, the Company has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate of underwriters including Canaccord Genuity and Paradigm Capital (together, the ‘Underwriters’), to purchase on a ‘bought deal’ basis by way of short form prospectus, 13,160,000 flow-through common shares of the Company (‘Flow-Through Shares’) and 28,572,000 units of the Company (‘Units’) subject to all required regulatory approvals at a price per Flow-Through Share of $0.38 for gross proceeds of $5,000,800 and at a price per Unit of $0.35 for gross proceeds of $10,000,200 (the ‘Offering’).

Each Unit shall consist of one common share of the Company (‘Share’) and one-half of one common share purchase warrant (‘Warrant’). Each whole Warrant shall entitle the holder thereof to acquire one Share at a price of $0.50 for a period of 36 months following the Closing Date.

The Offering is scheduled to close on or about July 31, 2014 (the ‘Closing Date’).

Click here to read the full Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) press release.