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InZinc Mining (TSXV:IZN) has started a private placement as it looks to raise approximately $1 million. Up to 5.68 million units, comprised of one common share and one-half cof one common share, at a price of $0.18 will be sold.
 InZinc Mining (TSXV:IZN) has started a private placement as it looks to raise approximately $1 million. Up to 5.68 million units, comprised of one common share and one-half of one common share, at a price of $0.18 will be sold.
According to the press release:
In connection with the private placement, the Company will pay a finders’ fee to certain arm’s length individuals on a portion of the placement consisting of a cash fee equal to 7% of the gross proceeds received by the Company and warrants, having the same attributes as the warrants comprised in the units, equal to 7% of the units sold under the placement through the efforts of the finders. No other fee or commission is payable by the Company in connection with the financing.
The net proceeds from the private placement will be used for advancement of the company’s West Desert project and for general corporate purposes.
Click here to read the InZinc Mining Ltd. (TSXV:IZN) press release
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