Vancouver, British Columbia, Canada – Monday, December 23, 2013 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (the “Company”) is pleased to announce that, further to its news releases dated December 18, 2013 and December 20, 2013, it has received final TSX Venture Exchange acceptance with respect to the closing of its non-brokered private placement. The Company issued 2,112,600 flow-through common shares a price of $0.40 per flow-through common share for gross proceeds of $845,040.
The proceeds are to be used for further exploration of the Akie SEDEX zinc-lead property and to explore the Kechika Regional project - the balance of the Company’s portfolio of mineral holdings located within the highly prospective Kechika Trough SEDEX zinc-lead basin of northeastern British Columbia.
The Company shall pay $33,801.60 as finder’s fees. The securities issued are subject to a four month hold period expiring April 21st, 2014.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY”
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN
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ZincX Resources Corp.
Suite 2050 - 1055 West Georgia Street
PO Box 11121, Royal Centre
Vancouver, BC V6E 3P3
Canada
[email protected]