Yukon Zinc Corp.

Published : December 07th, 2007

Announces C$8 Million Financing

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Lead | Silver | Silver Mine | Zinc |
Dear Mr. E, December 7, 2007

������������������ Not for distribution to U.S. news wire services or dissemination in the United States

����������������������������������������������������������������������� News Release
���������������������������������
���������������������������������� Yukon Zinc Corporation Announces C$8 Million Financing


Vancouver, BC, December 7, 2007, - Yukon Zinc Corporation (YZC.TSX-V) announces a best-efforts brokered private placement share financing for proceeds of up to $8 million ("the Offering"). The financing is lead by Haywood Securities Inc., co-lead by Paradigm Capital Inc., and including Blackmont Capital Inc. ("the Agents"). The Offering consists of up to $6 million in Units ("the Units") and up to $2 million in Flow-Through Shares. The Closing of the Offering is anticipated to be on December 20, 2007 or such other date as agreed by the Company and the lead agent ("the Closing Date"). The Agents may increase the size of the offering by up to $2 million on the same terms prior to the Closing Date. The Flow-Through Shares are priced at $0.14 per share. The Units are priced at $0.12 per Unit and each unit will consist of one common share and one-half common share purchase warrant. Each full warrant will entitle the holder to purchase one common share for $0.16 for twenty four months from the Closing Date.

The Units and the Flow-Through Shares will be sold pursuant to applicable securities law exemptions in the Provinces of Ontario, British Columbia and Alberta and such other provinces of Canada and jurisdictions outside of Canada as mutually agreed to by the Company and the Agents. The securities will be subject to the mandatory four month hold period from the Closing Date. The Agents will receive a cash commission equal to 6% of the gross proceeds of the Offering (the "Commission"). In addition, the Company will grant the Agents, at Closing, compensation options equal to 6% of the aggregate number of Units issued in the Offering entitling the Agents, for a period of 12 months from the Closing Date, to acquire that number of Common Shares at a price that is equal to the issue price of the Units under the Offering. The Offering is subject to receipt of regulatory acceptance and approval of the Board of Yukon Zinc Corporation.

The proceeds of the Offering are to be used for maintaining the development and engineering activities associated with the advancement of the Wolverine Project, and provides working capital while the Company evaluates alternatives sources of the equity portion of Wolverine Project financing and other forms of transactions that enhance shareholder value.

Yukon Zinc Corporation is focused on the development of the Wolverine deposit as the Yukon's next significant zinc-silver mine and the exploration of the Finlayson District as Canada's newest Volcanogenic Massive Sulphide District.

The securities comprising the Offering will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements.

This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed financing, failure to obtain necessary regulatory or shareholder approvals, and other risk factors beyond its control and actual results may differ materially from the expected results.
����������������������������������������������������������������������� - 30 -

For more information contact:
Dr. Harlan Meade, President and CEO
Shae Dalphond� Manager, Investor Communications
Telephone: (604) 682-5474� Toll-free: 1-877-682-5474
Facsimile: (604) 682-5404
info@yukonzinc.comwww.yukonzinc.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR�
����������������������������������������������THE ADEQUACY OF THIS NEWS RELEASE.

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

DEVELOPMENT STAGE
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Yukon Zinc is a zinc development stage company based in Canada.

Yukon Zinc develops zinc, copper, gold, lead and silver in Canada, and holds various exploration projects in Canada.

Its main asset in development is WOLVERINE in Canada and its main exploration properties are GOAL NET, FINLAYSON, SWIFT PROJECT, LOGAN and ICE (FINLAYSON) in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of
2/25/2008Zinc Markets, the perfect storm ?
Annual reports of
2006 Annual Report
Financings of
12/21/2007 Closes Second Tranche of Unit and Flow-Through Financing
12/20/2007Closes First Tranche of Unit and Flow-Through Financing
Project news of
2/26/2008(Wolverine) Provides Update On Financing For Wolverine
Corporate news of
6/13/2008ISS Canada Recommends that Yukon Zinc Shareholders Vote for ...
5/7/2008 Enters Into Acquisition Agreement with Jinduicheng/Northwes...
4/30/2008 Griffin Notifies Yukon Zinc of No Amendment to Griffin Prop...
4/29/2008Receives New Acquisition Proposal
4/23/2008Griffin Mining Limited to Acquire Yukon Zinc Corporation
3/26/2008 Announces Extension of Barclays US$140 Million Senior Debt ...
3/20/2008 Closes $8 Million Financing
3/11/2008Yukon Zinc Announces $8 Million Financing for Wolverine Proj...
12/7/2007Announces C$8 Million Financing
12/6/2007 Withdraws Current Prospectus Financing
11/23/2007Announces Final Prospectus Filing
11/7/2007 Announces Pricing and Amendments to Financing
10/5/2007Announces C$140 Million Offering of Securities
10/4/2007Yukon Zinc Receives Type A Water Licence for Wolverine Proje...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
Prev close Open
Low High
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  - -
Volume 1 month var.
-
Produces
Develops Copper - Gold - Lead - Silver - Zinc
Explores for Copper - Gold - Lead - Silver - Zinc
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.54-2.14%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.66+1.70%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.65+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.29-2.74%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+4.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.23+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.80+3.45%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.37-1.58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :