Zinc Company News Directory

Pasinex Resources Closes Non-brokered Private Placement

Pasinex Resources (CSE:PSE) has closed a non-brokered private placement for gross proceeds of up to $370,150. Proceeds from the placement will be used for general and administrative expenses as well as for ongoing exploration activity at the Pinargozu zinc-lead project in Turkey.

Trevali Mining Provides Update on Caribou Restart

Trevali Mining Corporation (TSX:TV) provided an update on construction and mine re-start activities at its Caribou polymetallic mine and mill complex in New Brunswick. The new SAG mill major components have been installed and the mill will be commissioned in the first quarter of next year. The company also provided an update on exploration work at the property.

1514341 Ontario Inc. Intends to Acquire 1 Million Pasinex Resources Shares

Pasinex Resources Limited (CSE:PSE) reported that 1514341 Ontario Inc. intends to acquire 1,000,000 common shares at $0.11 per share and 500,000 warrants to acquire common shares of the Issuer at a price of $0.18 per share expiring two years from closing. Following the transaction, 1514341 Ontario Inc. will own 12,358,500 common shares representing 15.88% of the outstanding common shares of Pasinex.

Foran Mining Announces $1.6 Million Financing

Foran Mining Corporation (TSXV:FOM) has negotiated a non-brokered private placement of up to 6,400,000 shares, to be issued on a flow-through basis, at $0.25 per share for aggregate gross proceeds of up to $1.6 million. The offering is anticipated to close on or about December 19.