Canada Zinc Metals Announces Non-Brokered Private Placement

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Thu, May 27, 2010
Zinc Company News
Post by Mike Rodger, Zinc Reporter

A mineral exploration company, Canada Zinc Metals Corp. (CZX – TSX Venture) has announced a private placement of 5,000,000 Units at a price of $0.60 per Unit for gross proceeds of up to $3,000,000.

Peeyush Varshney, CEO & Chairman is quoted saying:

“All of the company’s claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.”

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