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As of on the TSX Venture Exchange ∙ Minimum 15 minute delay
June 29 (Reuters) - Nevada Zinc Corp <NZN.V> ::Nevada Zinc announces restructuring of Yukon gold assets and closing of first tranche of financing.Net proceeds from restructuring will be allocated to fund 2017 and 2018 exploration programs for Yukon gold assets.Drilling is scheduled to begin during second week of July.
May 15 (Reuters) - Nevada Zinc Corp <NZN.V>:Nevada Zinc Corporation files final prospectus and announces pricing for public offering of units.Nevada Zinc Corp - will issue 5.7 million units of company at price of $0.35 per unit.Nevada Zinc Corp - entered into an agency agreement with Canaccord Genuity Corp as sole lead manager and sole bookrunner in respect of offering.
Nevada Zinc Corp <NZN.V>: Nevada Zinc Corporation announces public offering of units . Nevada Zinc Corp - proposes to complete on a commercially reasonable efforts basis a public offering of units of company for gross proceeds of $2 million .Nevada Zinc-to use proceeds of offering for exploration, development of co's lone mountain zinc project in Nevada, gold exploration projects in Yukon.
Norvista Capital Corp <NVV.V> : Norvista Capital announces equity interest in Nevada Zinc Corporation .Acquired 99,000 common shares of Nevada Zinc Corporation at an average price of $0.40 per share.
Nevada Zinc Corp:Has increased the size of offering by 33% to an aggregate of 6,666,666 common shares at a price of $0.30 per share for aggregate gross proceeds of $2,000,000.
Nevada Zinc Corporation:intends to complete a non-brokered private placement financing of up to 5,000,000 common shares in the capital stock of the Corporation at a price of $0.30 per Share for gross proceeds of up to $1,500,000.net proceeds of the Offering will be used for exploration, metallurgical test work and general working capital purposes.Shares issued pursuant to the Offering will be subject to a statutory four month and one day hold period.Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities.Corporation intends to close the Offering on or about March 31, 2016.
Bravada Gold Corp:Says it has signed a Letter of Intent with Goldspike Exploration Inc to explore the company's North Lone Mountain property, located along the Battle Mountain-Eureka Gold trend in central Nevada.Goldspike controls the Lone Mountain Zinc project and has an option to purchase a 100 pct interest through payments of cash, shares, and a retained royalty Bravada's South Lone Mountain property.
Goldspike Exploration Inc:Commences drilling operations on its Lone Mountain zinc property in Eureka County, Nevada.Goldspike negotiated the assignment of up to a 100 pct interest in the Property in July of this year.
Bravada Gold Corporation:Signs lease with option-to-purchase agreement with Goldspike Exploration Inc. (Goldspike) for the company's South Lone Mountain property, located along the Battle Mountain-Eureka Gold trend in central Nevada.Agreement consists of escalating lease payments totalling $329,200 in cash over a period of up to 10 years, during which exploration and development may be conducted.Says it will receive 50,000 common shares upon TSX.V exchange approval and another 100,000 common shares should a NI-43-101 resource estimate for the combined properties include at least 10pct of the reported tonnage attributable to the Property.All lease payments can be applied to the final purchase price of $329,000, after which advanced minimum royalty payments become due annually in the amount of the cash equivalence of 50 ounces of gold.Upon production, Bravada will receive royalty payments of 1.5pct NSR on production of base metals and 3.0pct NSR on precious metals.Goldspike will have the option to buy-down Bravada's royalties to 1pct NSR for base metals and 1.5pct NSR for precious metals for a cash payment of $3,000,000.Says underlying vendor also holds a royalty on the property, which is 1pct NSR for all metals and can be reduced to 0.5pct NSR for a cash payment of $3,000,000.
Goldspike Exploration Inc:Signs lease with an option-to-purchase agreement with Bravada Gold Corporation to acquire 100pct interest in their South Lone Mountain property.Agreement provides Goldspike with the option to earn a 100pct interest in the Property by making staged, escalating lease payments totalling $325,000 in cash over a period of up to 10 years.In addition, Bravada will receive 50,000 Goldspike common shares.All lease payments can be applied to the final purchase price of $325,000, after which advance minimum royalty payments become due annually in the amount of the cash equivalent of 50 ounces of gold.
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