Zincore Closes Private Placement Financing
P R E S S R E L E A S E
ZINCORE CLOSES PRIVATE PLACEMENT FINANCING
Not for distribution to U.S. news wire services or dissemination in the United States.
31 March 2010
Vancouver, B.C. – Zincore Metals Inc. (ZNC-TSX) (“Zincore” or the “Company”) has completed the non-brokered private placement offering of flow through common shares, announced in Zincore’s news release dated 17 March 2010. The financing consisted of 2,000,000 common shares at $0.30 per share, for total proceeds of $600,000.
Proceeds from the Offering, which is subject to the approval of the Toronto Stock Exchange (the “TSX”), will be used by Zincore for ongoing exploration and development programs in Canada, subject to flow through funding expenditure requirements. All flowthrough expenditures related to this placement will be incurred by Zincore at its Cariboo zinc property near Quesnel, B.C.
A cash commission totaling 6% of gross proceeds from the sale of all flow through shares has been paid to Haywood Securities Inc.
About Zincore
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 the TSX under the symbol ZNC.
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. Zincore does not assume the obligation to update any forward-looking statements.
For more information please contact:
Zincore Metals Inc.
Adam Ho, Manager, Investor Relations (604) 329-1009 [email protected]
SUITE 1650, 701 WEST GEORGIA STREET, PO BOX 10102, VANCOUVER, BC V7Y 1C6 CANADA T 604.669.6611 F 604.669.6616 E [email protected] W www.zincoremetals.com