Canadian Zinc Corp

Published : June 15th, 2016

JUNE 15, 2016: CANADIAN ZINC ANNOUNCES PUBLIC EQUITY OFFERING

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Keywords :   Canada | Copper | Georgia | Gold | K Street | Lead | Mines | Silver | Tax | Water | Zinc |

JUNE 15, 2016: CANADIAN ZINC ANNOUNCES PUBLIC EQUITY OFFERING

318b35de-d981-4c64-ba12-598ca6ff4378.pdf

PRESS RELEASE

CZN-TSX CZICF-OTCQB

FOR IMMEDIATE RELEASE

June 15, 2016

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CANADIAN ZINC ANNOUNCES PUBLIC EQUITY OFFERING

Vancouver, British Columbia, June 15, 2016 - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) (the "Company" or "Canadian Zinc") is pleased to announce that it has filed a preliminary short form prospectus in connection with an overnight marketed public offering (the "Offering") of common shares (the "Common Shares") and flow-through common shares (the "Flow-Through Shares") of the Company (collectively, the "Offered Securities"). The Offering will be conducted through a syndicate of underwriters led by Paradigm Capital Inc. and Canaccord Genuity Corp. and including Dundee Securities Ltd. (collectively, the "Underwriters"). The pricing and number of Offered Securities will be determined in the course of marketing.

The Company will also grant the Underwriters an over-allotment option to purchase at the offering price up to that number of additional Common Shares and Flow-Through Shares equal to 15% of the Offered Securities sold pursuant to the Offering, exercisable at any time up to 30 days after the closing date of the Offering.

The net proceeds from the sale of Common Shares will be used to fund definitive feasibility and development programs for the Prairie Creek Project, exploration programs at both the Prairie Creek Project and the Company's Newfoundland properties as well as for general working capital purposes.

The gross proceeds from the sale of Flow-Through Shares 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, 2016. The funds are intended to be used to fund exploration programs on the Prairie Creek Project and the Company's Newfoundland properties.

The Offering is scheduled to close on or about July 7, 2016, and is subject to receipt of all necessary regulatory approvals, including, but not limited to, the approval of the Toronto Stock Exchange (the "TSX"). Until such time as an underwriting agreement is entered into, the Underwriters are under no obligation to underwrite, sell or purchase any securities of the Company or to enter into any such transaction. The Offering is being made pursuant to a short form prospectus filed in each of the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and New Brunswick. The Offered Securities will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

About Canadian Zinc

Canadian Zinc is a TSX-listed exploration and development company trading under the symbol "CZN". The Company's key project is the 100%-owned Prairie Creek Project, a fully permitted, advanced-staged zinc-lead-silver property, located in the Northwest Territories. Canadian Zinc also owns an extensive land package in central Newfoundland.

The Prairie Creek Mine contains a partially developed infrastructure including a 1,000 tonne per day flotation mill, workshops, accommodations, and support facilities. The Company holds a Type "A" Water Licence which, along with previously issued permits and licences, permits the operation of a mine at Prairie Creek. A positive updated Preliminary Feasibility Study was completed in March 2016. The Company also continues the Environmental Assessment process as part of its application to upgrade the access road into the Prairie Creek Mine for use on an all season basis.

Canadian Zinc also owns an extensive land package in central Newfoundland that it is exploring for copper-lead-zinc-silver-gold deposits. These include the South Tally Pond project (Lemarchant deposit); Tulks South project (Boomerang-Domino and Tulks East deposits) and Long Lake project (Long Lake deposit). The Company's exploration strategy in central Newfoundland is to continue to build on its existing polymetallic resource base with the aim of developing either a stand-alone mine, similar to the past-producing mines at Buchans and Duck Pond, or a number of smaller deposits that could be developed simultaneously and processed in a central milling facility.

For further information contact:

John F. Kearney Alan B. Taylor Steve Dawson

Chairman & Chief Executive Officer

Vice President Exploration & Chief Operating Officer

Vice President Corporate Development

(416) 362-6686 (604) 688-2001 (416) 203-1418

220 Bay Street, 12th Floor Toronto, ON M5J 2W4

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

Tollfree:1-866-688-2001

220 Bay Street, 12th Floor Toronto, ON M5J 2W4

E-mail: [email protected] Website: www.canadianzinc.com

Cautionary Statement - Forward-Looking Information:

Certain disclosure in this release, including statements regarding the completion and terms of the proposed Offering and the use of proceeds therefrom constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to settle the terms of the Offering, satisfy conditions of the Offering and obtain the required regulatory approvals of the Offering. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, among others, inability to settle the terms of the Offering or satisfy conditions of the Offering and delays in obtaining or inability to obtain required regulatory approvals. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

This press release has been reviewed and approved by Alan Taylor, P.Geo., COO & VP Exploration and director of Canadian Zinc who is a Non-Independent QP under NI 43-101

Read the rest of the article at www.publicnow.com
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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
8/2/2013ANNOUNCES C$4 MILLION BOUGHT DEAL FLOW-THROUGH PRIVATE PLAC...
Nominations of Canadian Zinc Corp
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
1/21/2014Engineering and Procurement Contracts awarded for Prairie Cr...
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
8/21/2008Permitting Update
7/22/2008(Prairie Creek)Prairie Creek Permitting Update
6/11/2008(Prairie Creek)Submits Permit Applications for Production at the Prairie Cr...
Corporate news of Canadian Zinc Corp
8/10/2017Reports Financial Results for Q2 and Provides Project Update...
7/15/2016DEH CHO DRUM - July 14, 2016 Public voices thoughts on road
7/7/2016JULY 7, 2016: CANADIAN ZINC ANNOUNCES CLOSING OF $10,200,000...
6/29/2016JUNE 29, 2016: CANADIAN ZINC ANNOUNCES FILING OF FINAL PROSP...
6/21/2016JUNE 21, 2016: CANADIAN ZINC REPORTS ON ANNUAL GENERAL MEETI...
6/16/2016JUNE 16, 2016: CANADIAN ZINC ANNOUNCES C$8.0 MILLION UNDERWR...
6/16/2016JUNE 16, 2016: CANADIAN ZINC PRICES $8-MILLION OVERNIGHT OFF...
6/15/2016JUNE 15, 2016: CANADIAN ZINC ANNOUNCES PUBLIC EQUITY OFFERIN...
5/30/2016Minco Press Release First Quarter 2016 Financial Results
5/27/20162016 First Quarter Managements Discussion and Analysis
5/24/2016MAY 24, 2016: CANADIAN ZINC ANNOUNCES NEW NOMINEES TO BOARD ...
1/25/2016JANUARY 25, 2016: UPDATE ON RESEARCH PROGRAM TO INVESTIGATE ...
1/25/2016Canadian Zinc provides update on research program to investi...
12/2/2015DECEMBER 2, 2015: RESEARCH FUNDING AWARDED TO CANADIAN ZINC ...
12/2/2015Research Funding awarded to Canadian Zinc to investigate cen...
10/24/2015Sandstorm Gold Provides Asset Updates
10/23/2015Sandstorm Gold Provides Asset Updates
9/17/2015SEPTEMBER 17, 2015: MINERAL RESOURCES INCREASE AT PRAIRIE CR...
9/17/2015Canadian Zinc Corporation : Mineral Resources Increase at Pr...
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 ...
8/11/2015Canadian Zinc Corporation: Underground Drill Program at Prai...
3/31/2015MARCH 31, 2015: CANADIAN ZINC REPORTS FINANCIAL RESULTS FOR ...
3/31/2015Canadian Zinc Reports Financial Results for Fiscal 2014
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
9/12/2013and Messina Minerals Announce Agreement on Proposed Acquisit...
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...
7/15/2013OtcbbJournal.com Sheds Light on Micro-Cap Companies Under th...
7/8/2013oration: Water Board Completes Regulatory Process; Water Lic...
5/31/2013Raises US$10.0 Million
5/10/2013oration: Annual General Meeting and Adoption of Advance Noti...
4/17/2013Completes Winter Drill Program at South Tally Pond
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...
1/15/2013to Drill Lemarchant Massive Sulphide Deposit at South Tally ...
10/31/2012Visit Canadian Zinc Booth # 418 Hard Assets San Francisco
9/24/2012Acquires Paragon Minerals Corporation
7/31/2012Announces Merger and Private Placement With Paragon Minerals...
6/27/2012(Prairie Creek)Reports Results of Prairie Creek Preliminary Feasibility Stu...
3/5/2012and Parks Canada Sign Renewed Memorandum of Understanding
2/29/2012Reports Significant Assay Results from Final Holes of 2011 D...
2/10/2012(Prairie Creek)Closes $4 Million Second Tranche of Zhongrun Private Placeme...
1/6/2012Announces the Closing of $5.1 Million Bought Deal Public Off...
12/30/2011Announces Closing of: $2.5 Million Private Placement of Flow...
12/9/2011Receives Environmental Approval
8/29/2011Federal Government Provides $3 Million Funding to Assist in ...
6/28/2011oration: Environmental Assessment Hearings Completed
3/26/2010Developers Assessment Report Filed
9/30/2009Vatukoula Finance - Operations Update
6/24/2009Gold Production Up at Vatukoula Mine
6/12/2009Vatukoula Approves Share Purchase
5/27/2009Normal Course Issuer Bid
2/24/20092009 Convention - Prospectors & Developers Association of Ca...
11/18/2008SULPHIDE VENT COMPLEX/FEEDER ZONE IDENTIFIED AT THE NORTH LE...
11/4/2008Memorandum of Understanding Signed With Nahanni Butte Dene B...
8/1/2008Memorandum Of Understanding Signed With Parks Canada
4/1/20082007 Year End Results
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