Zincore Metals Closes First Tranche of Financing

Zincore Metals Inc. (TSX:ZNC) closed the first tranche of its previously announced non-brokered private placement of units for gross proceeds of C$330,000.

As quoted in the press release:

The first tranche consisted of 2,444,444 Units at a price of C$0.135 per Unit. Each Unit is comprised of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at C$0.19 for 24 months.

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