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Canadian Zinc Corp

Published : August 02nd, 2013

ANNOUNCES C$4 MILLION BOUGHT DEAL FLOW-THROUGH PRIVATE PLACEMENT

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NEWS RELEASE

 For Immediate Release

CANADIAN ZINC ANNOUNCES C$4 MILLION BOUGHT DEAL FLOW-THROUGH PRIVATE PLACEMENT

Canadian Zinc Corporation
Suite 1710 - 650 West Georgia Street, Vancouver, BC, V6B 4N9

Tel: (604) 688-2001
Fax: (604) 688-2043
Toll free: 1-866-688-2001


czn@canadianzinc.com
www.canadianzinc.com


Stock Exchange: TSX
Stock Symbol: CZN
Stock Quote: Click Here

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Vancouver, British Columbia, August 1, 2013 �?" Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) (the �?oCompany�?� or �?oCanadian Zinc�?�) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (�?oCanaccord�?�), pursuant to which Canaccord has agreed to purchase as underwriter for resale 6,460,000 flow-through common shares (the �?oFT Shares�?�) of the Company at a price of C$0.62 per FT Share (the �?oFT Share Price�?�) through a private placement for aggregate gross proceeds of C$4,005,200 (the �?oOffering�?�).

The net proceeds of the Offering will be used to incur eligible Canadian Exploration Expenses and flow-through mining expenditures, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2013. The funds are intended to be used to explore and advance the Company�?Ts projects, which include the Prairie Creek Mine in the Northwest Territories as well as the South Tally Pond property in Newfoundland.

The FT Shares will be offered by way of the �?oaccredited investor�?� and �?ominimum amount�?� exemptions under National Instrument 45-106 in British Columbia, Alberta and Ontario (the �?oCanadian Selling Jurisdictions�?�).

The Offering is subject to the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange (the �?oTSX�?�). The FT Shares will be subject to resale restrictions for a period of four months and one day from the closing date of the Offering under applicable securities legislation.

The Offering is scheduled to close on or about August 20, 2013, or such other date as may be agreed with Canaccord.

The FT Shares will not be registered under the U.S. Securities Act of 1933 (the �?o1933 Act�?�), as amended, or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or �?oU.S. persons,�?� as such term is defined in Regulation S regulated under the 1933 Act, absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer of securities for sale in the United States or to U.S. persons.

About Canadian Zinc

Canadian Zinc is a Toronto-listed exploration and development company. The Company�?Ts key project is the 100%-owned Prairie Creek Mine, an advanced-staged zinc-lead-silver property, located in the Northwest Territories in Canada. Prairie Creek is an underground operation that will utilize multiple mining methods to access readily available ore. Canadian Zinc has the majority of the required infrastructure in place including a 1,000 tonne per day mill, five kilometres of underground workings and related equipment, a heavy duty and light duty surface fleet, three exploration Diamond drills and a 1,000 metre airstrip.

Canadian Zinc also holds a 100% interest in the South Tally Pond VMS project, along with other property interests in central Newfoundland, where a successful drilling program was carried out in winter 2013.

For further information contact:
John F. Kearney
Chairman
(416) 362-6686

Suite 700 �?" 220 Bay Street
Toronto, ON M5J 2W4
Fax: (416) 368-5344
Alan B. Taylor
Chief Operating Officer
(604) 688-2001

Suite 1710-650 West Georgia Street,
Vancouver, BC V6B 4N9
Fax: (604) 688-2043
Tollfree:1-866-688-2001
Steve Dawson
VP Corporate Development
(416) 203-1418

Suite 700 �?" 220 Bay Street
Toronto, ON M5J 2W4
Fax: (416) 368-5344

 

E-mail: invest@canadianzinc.com   Website: www.canadianzinc.com

 

Cautionary Statement �?" Forward-Looking Information:

This press release contains certain forward-looking information, including, among other things, the expected completion of acquisitions and the advancement of mineral properties. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management�?Ts expectations with respect to, among other things, the completion of transactions, the issue of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company does not currently hold a permit for the operation of the Prairie Creek Mine. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.

Cautionary Note to United States Investors

The United States Securities and Exchange Commission (�?oSEC�?�) permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as �?omeasured,�?� �?oindicated,�?� and �?oinferred�?� �?oresources,�?� which the SEC guidelines prohibit U.S. registered companies from including in their filings with the SEC.

 

 



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Canadian Zinc Corp

DEVELOPMENT STAGE
CODE : CZN.TO
ISIN : CA1368021053
CUSIP : 136802-10-5
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Canadian Zinc is a zinc and silver development stage company based in Canada.

Canadian Zinc develops zinc, silver and gold in Fiji.

Its main asset in development is TUVATU in Fiji and its main exploration property is PRAIRIE CREEK in Canada.

Canadian Zinc is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 30.6 millions as of today (US$ 23.2 millions, € 20.1 millions).

Its stock quote reached its highest recent level on February 20, 2004 at CA$ 2.04, and its lowest recent point on December 04, 2015 at CA$ 0.06.

Canadian Zinc has 265 920 016 shares outstanding.

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Annual reports of Canadian Zinc Corp
2007 Annual Report
Financings of Canadian Zinc Corp
7/7/2016Announces Closing of $10,200,000 FInancing
8/1/2014CZN Closes $15.8 Million Bought Deal Financing
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6/13/2013Reports on Election of Directors at Annual General Meeting o...
Financials of Canadian Zinc Corp
5/17/2016Reports Financial Results for Q1 2016 and Operations Update
3/31/2016CZN Reports Financial Results for 2015
11/13/2015Reports Results for Third Quarter 2015
8/14/2015Reports Financial Results for Second Quarter 2015
3/31/2015Reports Financial Results for Fiscal 2014
11/15/2013CZN Reports Financial Results for Third Quarter 2013
8/13/2013Reports Financial Results for Second Quarter 2013
5/13/2013Reports Financial Results for First Quarter 2013
3/20/2013REPORTS FINANCIAL RESULTS FOR FISCAL 2012
11/15/2012Reports Financial and Operating Results for Third Quarter 20...
8/10/2012Reports Financial Results for Second Quarter 2012
3/16/2012Reports Financial Results for Fiscal 2011
3/17/2011Reports Financial Results for Fiscal 2010
11/17/20092009 Third Quarter Results
8/17/2009Reports Second Quarter 2009 Results
5/16/20092009 First Quarter Results
8/8/2008Reports Second Quarter 2008 Results
5/15/2008First Quarter Results
Project news of Canadian Zinc Corp
4/19/2017Drilling Extends Mineralization at Lemarchant, NFLD
9/15/2016CZN Modifies 2016 Preliminary Feasibility Study
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12/12/2013Assay Results of 2013 Drill Program at South Tally Pond
12/9/2013(Prairie Creek)Assay Results of 2013 Drill Program at Prairie Creek
9/18/2013(Prairie Creek)Granted Water Licence for Prairie Creek Mine
6/21/2013(Prairie Creek)CZN RECEIVES PERMITS FOR OPERATION OF PRAIRIE CREEK MINE
3/25/2013(Prairie Creek)RECEIVES PROPOSED WATER QUALITY CONDITIONS IN DRAFT WATER LI...
3/18/2013(Prairie Creek)Receives Draft Water Licence and Permits for Operation of Pr...
1/15/2013to Drill South Tally Pond Project, Newfoundland
1/8/2013(Prairie Creek)oration: Permitting Progress for Prairie Creek Mine
8/28/2012(Prairie Creek)and Government of Northwest Territories Advance Co-operation...
6/14/2012(Prairie Creek)oration: Minister Confirms Environmental Impact Review Not R...
5/15/2012(Prairie Creek)oration: Additional Permits Approved for Prairie Creek Mine ...
10/3/2011(Prairie Creek)Reports Success With Prairie Creek Exploration Drilling
9/26/2011(Prairie Creek)oration: Environmental Assessment of Prairie Creek Mine Ente...
8/22/2011(Prairie Creek)and Government of the Northwest Territories Sign Socio-Econo...
6/19/2011(Prairie Creek)and Liidlii Kue First Nation Sign Impact and Benefits Agreem...
6/8/2011(Prairie Creek)oration: Exploration Drill Program Commences at Prairie Cree...
2/28/2011(Prairie Creek)oration: Prairie Creek Mine Feasibility Study Commissioned
2/2/2011(Prairie Creek)CZN Obtains Permit Extension
1/24/2011(Prairie Creek)CZN Signs Agreement with NDDB
1/21/2011(Prairie Creek)and Nahanni Butte Dene Band Sign Impact and Benefit Agreemen...
9/2/2009(Tuvatu)Diamond Drilling Commences at Tuvatu
7/21/2009(Prairie Creek)Federal Minister Visits Prairie Creek Mine
6/5/2009(Prairie Creek)Prairie Creek Metallurgical Results
5/20/2009(Tuvatu)Tuvatu gold project option
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6/16/2016JUNE 16, 2016: CANADIAN ZINC ANNOUNCES C$8.0 MILLION UNDERWR...
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9/17/2015SEPTEMBER 17, 2015: MINERAL RESOURCES INCREASE AT PRAIRIE CR...
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8/14/2015AUGUST 14, 2015: CANADIAN ZINC REPORTS FINANCIAL RESULTS FOR...
8/14/2015Canadian Zinc Reports Financial Results for Second Quarter 2...
8/11/2015AUGUST 11, 2015: UNDERGROUND DRILL PROGRAM AT PRAIRIE CREEK ...
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3/31/2015MARCH 31, 2015: CANADIAN ZINC REPORTS FINANCIAL RESULTS FOR ...
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3/26/2015MARCH 26, 2015: NEW MINERAL RESOURCE UPDATE AT PRAIRIE CREEK...
3/26/2015(Prairie Creek)oration: New Mineral Resource Update at Prairie Creek Mine
1/29/20142014 Winter Drill Program Commences at South Tally Pond, NFL...
10/31/2013Drilling Extends Massive Sulphide Mineralization at Lemarcha...
10/31/2013oration: Drilling Extends Massive Sulphide Mineralization at...
9/16/2013Drill Program Underway for South Tally Pond, Newfoundland
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9/5/2013(Prairie Creek)CZN Receives Permits from Parks Canada for Prairie Creek Min...
9/4/2013(Prairie Creek)Commencing New Drill Program at Prairie Creek
8/20/2013Announces Closing of C$4 Million Bought Deal Flow-Through Pr...
8/1/2013announces C$4 million bought deal flow-through private place...
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7/8/2013oration: Water Board Completes Regulatory Process; Water Lic...
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5/10/2013oration: Annual General Meeting and Adoption of Advance Noti...
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1/29/2013(Prairie Creek)First Operating Permit Received For Prairie Creek Mine:
1/25/2013CZN Submits Final Responses To Water Board Ahead Of Public H...
1/22/2013Submits Final Responses to Water Board Ahead of Public Heari...
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1/6/2012Announces the Closing of $5.1 Million Bought Deal Public Off...
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12/9/2011Receives Environmental Approval
8/29/2011Federal Government Provides $3 Million Funding to Assist in ...
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3/26/2010Developers Assessment Report Filed
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