RCF invests in $10.2 mln financing of Canadian Zinc
U.S. mining private equity firm Resource Capital Funds (RCF) has acquired shares in Canadian Zinc Corp (TSX: CZN). RCF invested $5 million as part of a public offering of common shares and flow-through shares that gave the company total gross proceeds of $10.2 million. With the deal, RCF holds about 16.9 percent of issued and outstanding shares. In a separate statement, Vancouver-based Canadian Zinc said it plans to use the funds raised for feasibility, development and exploration programs related to its Prairie Creek Project, a zinc-lead-silver property in the Northwest Territories, and its properties in Newfoundland.
12 July 2016•2 mins read
