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Resource Capital Announces Acquisition of Common Shares in Canadian Zinc Corporation
Sep. 15, 2016 08:39AM PST
Base Metals Investing Resource Capital Fund has acquired 5,563,000 common shares of the Canadian Zinc Corporation at an average price of $0.3225 per share, for a total of $1,794,085.90. According to the press release: Prior to the acquisition of the Purchased Shares, RCF VI owned and controlled 43,767,000 Common Shares, representing approximately 16.87% of the issued and outstanding …
Resource Capital Fund has acquired 5,563,000 common shares of the Canadian Zinc Corporation at an average price of $0.3225 per share, for a total of $1,794,085.90.
According to the press release:
Prior to the acquisition of the Purchased Shares, RCF VI owned and controlled 43,767,000 Common Shares, representing approximately 16.87% of the issued and outstanding Common Shares. Following the acquisition of the Purchased Shares, RCF VI owns and controls, directly or indirectly, 49,330,000 Common Shares, representing approximately 19.01% of the current issued and outstanding Common Shares.
RCF VI acquired the Purchased Shares for investment purposes. RCF VI may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.