Zinc

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.

Click here to read the full press release.

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