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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2352)	9/5/2013 11:50:54 AM
From: Goose94	Read Replies (1) \| Respond to of 203329

CZN-T new 52 week high, 73 cents Canadian Zinc closes $4-million private placement Aug 20, 2013 - News Release Canadian Zinc Corp. has closed its previously announced bought-deal private placement of flow-through shares with Canaccord Genuity Corp.The company issued 6.46 million common shares, which qualify as flow-through (FT) shares of the company for purposes of the Income Tax Act (Canada), at a price of 62 cents per FT share, raising aggregate gross proceeds of $4,005,200. The net proceeds of the offering will be used to incur eligible Canadian exploration expenses, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than Dec. 31, 2013. The funds are intended to be used to explore and advance the company's projects, which include the Prairie Creek property in the Northwest Territories as well as the South Tally Pond property in Newfoundland. As compensation, Canaccord received a cash commission of 5 per cent of the gross proceeds raised, and the company issued to Canaccord 387,600 non-transferrable common share purchase warrants, each of which entitles Canaccord to acquire one non-flow-through common share of the company at a price of 63 cents until Feb. 20, 2015. All securities issued or issuable under the offering are subject to a four-month hold period expiring on Dec. 21, 2013. Following completion of the private placement, Canadian Zinc has 170,491,781 common shares issued and outstanding. We seek Safe Harbor. _________________________________________________________________________ Canadian Zinc to start drilling Prairie Creek Sept 4, 2013 - News Release Canadian Zinc Corp. is set to commence a new diamond drill exploration program at the company's Prairie Creek project, Northwest Territories. Five drill holes totalling approximately 2,500 metres of coring are planned to test a large multistacked gravity and electromagnetic geophysical anomaly that is estimated to be at a depth of between 200 metres and 450 metres below surface, situated approximately one kilometre from the mine site, outside but adjacent to the defined mineral resource. The drill rig is being mobilized to the first pad and drilling is expected to commence by the end of the week. Alan Taylor, vice-president of exploration and chief operating officer of Canadian Zinc, stated: "The delineation at the end of last season of a new strong coincident EM and gravity geophysical anomaly adjacent to the defined deposit was particularly interesting, and we are anxious to drill test it. The discovery of any resource in this area could have a significant impact on the economics of the existing project and future implications on additional property-wide exploration at Prairie Creek." In 2012, a geophysical exploration program involving surface and downhole electromagnetic and surface gravity surveys was completed in the proximity of the Prairie Creek deposit. The results defined a strong multichannel EM anomaly. A coincident gravity anomaly was also identified over the same area by a loose-grid gravity survey. This 2013 drill program is fully supported by a recently completed $4-million flow-through financing, which closed on Aug. 20, 2013 (refer to company news release of same date). The company has mobilized one of its three surface diamond drill rigs to commence this program, which will continue for the next two months. Prairie Creek mine background The company's main project is the 100-per-cent-owned Prairie Creek zinc, silver and lead project, located in the Northwest Territories, Canada. The Prairie Creek project contains a mineral reserve of 5.2 million tonnes averaging 9.4 per cent zinc, 9.5 per cent lead and 151 grams per tonne silver. In addition, Prairie Creek hosts an inferred resource of 6.2 million tonnes averaging 14.5 per cent zinc, 11.5 per cent lead, 0.57 per cent copper and 229 grams per tonne silver. (AMC Mining Consultants (Canada) Ltd., J.M. Shannon and D. Nussipakynova, qualified persons, June, 2012.) The Mackenzie Valley Land and Water Board completed its regulatory process July 5, 2013, by finalizing a type A water licence and subsequently forwarding it to the Minister of Aboriginal Affairs and Northern Development Canada with the recommendation that the minister approve and sign the licence. The MVLWB has previously issued three land use permits and a type B water licence to the company for future operations. We seek Safe Harbor.