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Nevada Zinc closes financing with InCoR
TSX-V-listed explorer Nevada Zinc this week closed financing with InCoR Holdings at a premium of 78% above the closing price of the company’s shares on September 9. The non-brokered private placement of common shares was completed at C$0.08 a share for proceeds of C$100 000. The 1.25-million shares issued pursuant to the financing, when combined with the 6.80-million shares currently owned by InCoR, results in InCoR now owning 8.05-million, or 11.0%, of Nevada Zinc’s issued and outstanding shares. The proceeds of the financing will be used for general purposes and the advancement of the Lone Mountain zinc project ... (full story)