Greenstone, RCF to back Adventus Zinc's $11.5 mln offering

Canadian zinc mining company Adventus Zinc Corp (TSX-V: ADZN) has launched a bought-deal private placement offering to raise as much as $11.5 million. It is expected that the company's strategic investors, Canadian mining royalty firm Altius Minerals Corp, U.K. private equity firm Greenstone Resources and U.S. private equity firm Resource Capital Funds (RCF), will participate in the deal. The three shareholders provided Adventus with $8 million in seed financing last year. Toronto-based Adventus said it will use the offering's proceeds to fund the Curipamba polymetallic project in Ecuador and for other priorities.

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