ScoZinc Announces C$1,000,000 Non-Brokered Private Placement
14 8월 2019 - 9:47PM
ScoZinc Mining Ltd. (
TSX-V: SZM)
(“
ScoZinc” or the “
Company”) is
pleased to announce a non-brokered private placement financing for
aggregate gross proceeds of C$1,000,000 (the
"
Offering"). The Offering will be conducted
through the sale units of the Company (“
Units”) at
a price of C$0.40 per Unit. Each Unit shall consist of one
common share of the Company (“
Common Share”) and
one Common Share purchase warrant (a “Warrant”), with each full
warrant exercisable into a Common Share at a price of $0.55 per
Common Share for 24 months following the closing of the Offering.
Holders of Warrants shall be restricted from exercising any number
of Warrants that will cause the holder to own such number of Common
Shares that will equal or exceed 20% of the then issued and
outstanding Common Shares. The Company shall have the option to
increase the size of the Offering by an additional C$300,000.
The Offering is subject to the approval of the
TSXV. The securities issued pursuant to the Offering are subject to
a four month and one-day statutory hold period.
Subscriptions for C$500,000 of the Offering have
been received and will close as the first tranche of the Offering
on receipt of TSXV approval.
ScoZinc intends to use the net proceeds from the
Offering primarily to prepare for the restart of operations at its
100%-owned ScoZinc mine in Nova Scotia (the “ScoZinc
Mine”), and for general working capital purposes.
About ScoZinc Mining Ltd.
ScoZinc is an established Canadian-based zinc
and lead exploration and development company that owns the ScoZinc
Mine and related facilities near Halifax, Nova Scotia which is
currently on care and maintenance. The Company intends to restart
operations as soon as possible. The Company has a strong working
capital position and no debt.
For more information, please
contact:
Mr. Joseph Ringwald – President and CEO
Telephone: +1 (604) 347-7661
info@scozinc.com
CAUTIONARY STATEMENTS
Neither the TSX-V nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this news
release.This News Release includes certain forward-looking
statements which are not comprised of historical facts.
Forward-looking statements include estimates and statements that
describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be
identified by such terms as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are
based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company’s objectives, goals or
future plans, statements, potential mineralization, exploration and
development results, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. In
particular, the Company has not made a production decision with
respect to the ScoZinc Mine. The Company has not completed a
feasibility study or established the economic viability of the
Project or proposed operations on the ScoZinc Mine, and no mineral
reserves have been established for the ScoZinc Mine that would
support a production decision. Mineral exploration projects which
are put into production without first establishing mineral reserves
and completing a feasibility study have historically had a higher
risk of economic or technical failure. There can be no assurance
that forward-looking statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from ScoZinc’s expectations
include, among others, the ability of ScoZinc to receive the
necessary regulatory approvals to complete the Offering,
availability and costs of financing needed in the future, changes
in equity markets, risks related to international operations, the
actual results of current exploration activities, delays in the
development of projects, conclusions of economic evaluations and
changes in project parameters as plans continue to be refined as
well as future prices of metals, as well as those factors discussed
in the section entitled “Risk Factors” in ScoZinc’s Management’s
Discussion and Analysis. Although ScoZinc has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
ScoZinc Mining (TSXV:SZM)
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부터 2월(2) 2025 으로 3월(3) 2025
ScoZinc Mining (TSXV:SZM)
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부터 3월(3) 2024 으로 3월(3) 2025