Canadian Zinc Reports Q1 Results

Canadian Zinc Corporation (TSX:CZN) reported its interim financial results and development activities for the three month period ended March 31, 2018.

Highlights are as follows:

Q1 2018 Results & Recent Highlights

• C$20M RCF equity financing at C$0.20/share
• Don MacDonald new president and to become CEO
• Cash at March 31, 2018 C$10.5M
• Plan to pay off all US$10-million debt
• Loss for Q1 2018 C$1.8M
• The company reported a net loss and comprehensive loss for Q1 2018 of C$1.8M compared to a net loss and comprehensive loss of C$2.6M for Q1 2017. At March 31, 2018, the company reported cash and cash equivalents of C$10.5M.

 

Click here to read the full Canadian Zinc Corporation (TSX:CZN) press release.