Canadian Zinc Reports Financial Results for Second Quarter of 2016
Canadian Zinc (TSX:CZN) has reported its interim financial results and development activities for the three and six month periods ending June 30, 2016. As quoted in the press release: Financial Results for Second Quarter of 2016 For the three and six month periods ended June 30, 2016, the Company reported a net loss and comprehensive …
Canadian Zinc (TSX:CZN) has reported its interim financial results and development activities for the three and six month periods ending June 30, 2016.
As quoted in the press release:
Financial Results for Second Quarter of 2016
For the three and six month periods ended June 30, 2016, the Company reported a net loss and comprehensive loss of $866,000 and$1,643,000, respectively, compared to a net loss and comprehensive loss of $2,613,000 and $6,435,000 for the same periods endedJune 30, 2015.
For the three and six month periods ended June 30, 2016, the Company expensed $385,000 and $693,000, respectively, on its exploration and evaluation programs at Prairie Creek, compared to $2,039,000 and $5,727,000, respectively, for the three and six month periods ended June 30, 2015. For the six month period ended June 30, 2016, the Company also expensed $111,000 on its exploration and evaluation properties in central Newfoundland compared to $148,000 for the comparative period in 2015.
Underwritten Public Offering of $10.2 Million Completed
On July 7, 2016, the Company closed an underwritten public offering of common shares and flow-through shares through a syndicate of underwriters co-led by Paradigm Capital Inc. and Canaccord Genuity Corp. and including Dundee Securities Ltd..
The Company issued 34,135,000 common shares at a price of $0.25 per Common Share for gross proceeds of $8,533,750 and 6,665,000 flow-through shares at a price of $0.25 per Flow-Through Share for gross proceeds of $1,666,250. In total, the gross proceeds of the Offering amount to $10,200,000.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1838.90 | +7.89 | |
Silver | 21.51 | +0.37 | |
Copper | 3.77 | +0.02 | |
Palladium | 1930.50 | +53.50 | |
Platinum | 916.00 | +5.00 | |
Oil | 107.47 | -0.15 | |
Heating Oil | 4.22 | -0.03 | |
Natural Gas | 6.08 | -0.14 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.