VANCOUVER, BC–(Marketwired – June 08, 2017) – NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Zincore Metals Inc. (NEX BOARD: ZNC.H) (“Zincore” or the “Company”) is pleased to announce that it intends to sell, on a private placement basis, (the “Private Placement”) up to 2,500,000 units (“Units”) of the Company, for gross proceeds of up to $350,000, subject to approval of the NEX Board of the TSX Venture Exchange. (the “NEX”) Each Unit, which will consist of one common share and one-half, common share purchase warrant, will be priced at $0.14. Each whole warrant will entitle the holder to acquire an additional common share at a price of $0.21 for a period of twelve months from the closing date.
The proceeds of the Private Placement will be used to pay property taxes in Peru and for working capital requirements.
All shares issued pursuant to the Private Placement will be subject to a hold period expiring four months and a day following the date of issue. The Company may pay finder’s fees in connection with the Private Placement.
About Zincore
Zincore is a Vancouver-based mineral exploration company focused on zinc and related base metal opportunities in Peru. The Company’s common shares trade on the NEX Board of the TSX Venture Exchange under the symbol ZNC.H. For more information, please see our website at www.zincoremetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or does not expect”, “is expected”, anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
For more information please contact:
Zincore Metals Inc.
Adam Ho
CFO & VP, Corporate Development
(604) 669-6611
aho@zincoremetals.com