Zincore Finishes Private Placement
Zincore Closes Private Placement
Vancouver, Canada Private Placement — Zincore Metals Inc. announced that it has closed the non-brokered private placement announced June 28, 2010, for gross proceeds of C$2,908,000.
The offering of 8,308,572 units was priced at C$0.35 per unit. Each unit was comprised of one common share and one-half, non-transferable, common share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share at C$0.45 for up to two years. One insider (which insider is neither a director nor an officer) of the Company participated in the private placement on the same terms as arm’s length investors, and shareholdings of that insider in the Company increased as a result of such participation. The Company has been advised that the shares were acquired for investment purposes.
Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in the Americas, namely Peru, Mexico and Canada. The Company’s common shares trade on both the Toronto and Lima Stock Exchanges under the symbol ZNC. For more information, please see our website at www.zincoremetals.com.
Forward-looking Statements – Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Annual Information Form of Zincore dated March 12, 2010 which is filed with Canadian securities regulatory authorities and available on SEDAR (www.sedar.com). Such information contained herein represents management’s best judgment as of the date hereof based on information currently available.http://pr-usa.net/index.php?option=com_content&task=view&id=431125&Itemid=33
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