Canadian Zinc to acquire N.L. mineral property through Paragon Minerals deal - InfoNews

Current Conditions

3.7°C

Canadian Zinc to acquire N.L. mineral property through Paragon Minerals deal

July 31, 2012 - 6:39 AM

VANCOUVER - Canadian Zinc Corp. (TSX:CZN) is preparing to acquire the South Tally Pond property in central Newfoundland through a business combination with Paragon Minerals Corp. Canadian Zinc says it will exchange 0.136 of a CZN share for each share of Paragon. Based on Monday's closing market price, the offer is worth 5.2 cents per share, valuing Paragon's equity at $2.8 million.

News from © The Canadian Press, 2012
The Canadian Press

  • Popular vernon News
View Site in: Desktop | Mobile