SEC Senvest Capital Inc

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES 


Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF) ("the Company" or "Canadian
Zinc") is pleased to announce that it has closed its previously announced bought
deal public offering of units and flow-through shares (the "Offering") through a
syndicate of underwriters led by Dundee Securities Ltd. and including Canaccord
Genuity Corp. and Paradigm Capital Inc. (together, the ("Underwriters"). 


The Company issued 28,572,000 units ("Units") at a price of $0.35 per Unit for
gross proceeds of $10,000,200, and 15,134,000 common shares, which qualify as
"flow-through" shares (the "FT Shares") at a price of $0.38 per FT Share for
gross proceeds of $5,750,920, including 1,974,000 FT Shares issued upon the
exercise of the over-allotment option by the Underwriters in respect of the FT
Shares. The Underwriters have 30 days during which they may exercise the balance
of the over-allotment option to acquire up to 4,285,800 additional Units. 


In total, the gross proceeds of the Offering amount to $15,751,120. 

Each Unit is comprised of one common share and one half of one common share
purchase warrant (each full warrant, a "Warrant"). Each Warrant entitles the
holder to purchase one common share at an exercise price of $0.50 on or before
July 31, 2017.


The net proceeds from the Units will be used to advance the Prairie Creek Mine
development towards production by initiating an underground development program,
opening the winter access road, completing the optimization study already
initiated, posting reclamation security and undertaking engineering and
preliminary procurement.


The net proceeds from the FT Shares will be used to incur eligible Canadian
Exploration Expenses, as defined under the Tax Act, that will be renounced in
favour of the purchasers with an effective date of no later than December 31,
2015. The funds are intended to be used to undertake exploration programs on the
Prairie Creek Property with the goal of increasing mineral reserves and
resources and to expand the potential at the company's VMS properties in central
Newfoundland. 


Following completion of the Offering, Canadian Zinc has 218,047,709 common
shares issued and outstanding. 


The FT Shares and the Units have not been and will not be registered under the
U.S. Securities Act of 1933 (the "1933 Act"), as amended, or any applicable
state securities laws, and may not be offered or sold to, or for the account or
benefit of, persons in the United States or "U.S. persons," as such term is
defined in Regulation S regulated under the 1933 Act, absent registration or an
applicable exemption from the registration requirements. This press release does
not constitute an offer of securities for sale in the United States or to U.S.
persons. 


About Canadian Zinc

Canadian Zinc is a TSX-listed exploration and development company trading under
the symbol "CZN". The Company's key project is the 100%-owned Prairie Creek
Project, a fully permitted, advanced-staged zinc-lead-silver property, located
in the Northwest Territories.


The Prairie Creek Project contains a Mineral Reserve of 5.2 million tonnes
averaging 9.4% zinc, 9.5% lead and 151 g/t silver. In addition, Prairie Creek
hosts an Inferred Resource of 6.2 million tonnes averaging 14.5% zinc, 11.5%
lead, 0.57% copper and 229 g/t silver. (AMC Mining Consultants (Canada) Ltd. J M
Shannon and D Nussipakynova, Qualified Persons, June 2012, revised July 23,
2014).


A Preliminary Feasibility Study was completed by SNC-Lavalin in July 2012.
Prairie Creek is an underground operation that will utilize multiple mining
methods to access readily available ore. Canadian Zinc has the majority of
infrastructure in place including a 1,000 tonne per day mill, five kilometres of
underground workings and related equipment, a heavy duty and light duty surface
fleet, three exploration diamond drills and a 1,000 m airstrip.


Canadian Zinc also owns an extensive land package in central Newfoundland that
includes the South Tally Pond project, which hosts the Lemarchant deposit, the
Tulks South project and the Long Lake project. Exploration programs are ongoing
on key central Newfoundland properties.


Qualified Person

Alan Taylor, P.Geo., Vice President of Exploration, Chief Operating Officer and
Director of the Company, who is a Non-Independent Qualified Person as defined in
National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has
prepared, supervised the preparation of or reviewed, the parts of this MD&A that
are of a scientific or technical nature.


Cautionary Statement - Forward-Looking Information

This press release contains certain forward-looking information, including,
among other things, statements regarding the use of proceeds of the Offering.
This forward looking information includes, or may be based upon, estimates,
forecasts, and statements as to management's expectations with respect to, among
other things, the completion of transactions, the issue of permits, the size and
quality of mineral resources, future trends for the company, progress in
development of mineral properties, future production and sales volumes, capital
costs, mine production costs, demand and market outlook for metals, future metal
prices and treatment and refining charges, the outcome of legal proceedings, the
timing of exploration, development and mining activities, acquisition of shares
in other companies and the financial results of the company. There can be no
assurances that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Mineral resources that are not mineral reserves do not have demonstrated
economic viability. Inferred mineral resources are considered too speculative
geologically to have economic considerations applied to them that would enable
them to be categorized as mineral reserves. There is no certainty that mineral
resources will be converted into mineral reserves.


Cautionary Note to United States Investors 

The United States Securities and Exchange Commission ("SEC") permits U.S. mining
companies, in their filings with the SEC, to disclose only those mineral
deposits that a company can economically and legally extract or produce. We use
certain terms in this press release, such as "measured," "indicated," and
"inferred" "resources," which the SEC guidelines prohibit U.S. registered
companies from including in their filings with the SEC. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
John F. Kearney
Chairman
(416) 362-6686
220 Bay Street, Suite 700
Toronto, ON M5J 2W4
Fax: (416) 368-5344


Alan B. Taylor
Vice President Exploration & Chief Operating Officer
(604) 688-2001
Suite 1710 - 650 West Georgia Street, Vancouver, BC V6B 4N9
(604) 688-2043 (FAX)
Toll Free: 1-866-688-2001


Steve Dawson
Vice President Corporate Development
(416) 203-1418
220 Bay Street, Suite 700
Toronto, ON M5J 2W4
Fax: (416) 368-5344


Canadian Zinc Corporation
invest@canadianzinc.com
www.canadianzinc.com

Senvest Capital (TSX:SEC)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Senvest Capital (TSX:SEC)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024