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NORZF: effective Dec. 16,2022: The delisting results from the acquisition of all of the issued and outstanding Shares of the Company by RCF VI CAD LLC ("RCF") Shareholders will receive $0.0325 in cash for each Share held.
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
accumulation continues,wont be long after yesterdays near record vol.
The Company had no long-term debt outstanding throughout 2021 as it repaid loan principal of $7.1M and $8.0M in 2020 and 2019
The Prairie Creek Project remains one of the highest grade, undeveloped zinc-lead-silver projects in Canada with robust economics indicating an NPV8% of $299 million and an after-tax IRR of 17.7% ($50m NORZF's cut)
buying pressure could squeeze em,with 2m shares short every month,welcome the reddit gang to the otcqb lol
Built originally as the Cadillac Silver Mine(zinc/silver/lead now) in the early 1980s, Prairie Creek has extensive infrastructure in place including five kilometres of underground workings, a 1,000 ton per day mill, heavy duty and light duty surface vehicles, surface exploration diamond drill rigs, camp accommodation, maintenance and water treatment facilities and a 1,000-metre gravel airstrip. NorZinc’s primary objective is to bring the Project into production at the earliest opportunity
major chart event sma50 crossed dma50,shows ending 6months of consolidation and return of the bulls!!!!
zinc mine news coming?,rare earth elements in huge demand,something is coming
NorZinc Announces New Financing
CZICF, T.NZC | September 30, 2019
Canada NewsWire
VANCOUVER, Sept. 30, 2019
NZC-TSX
NORZF-OTCQB
RCF to purchase 1% royalty on Prairie Creek Mine for C$8 million, subject to shareholder approval
RCF to provide short term loan of up to US$6 million
in the interim
VANCOUVER, Sept. 30, 2019 /CNW/ -
NorZinc Ltd. (TSX: NZC; OTCQB: NORZF) (the "Company" or "NorZinc")
is pleased to announce that RCF VI CAD LLC ("RCF"), an affiliate of
Resource Capital Fund VI L.P., has agreed to purchase a
1% net smelter return royalty (the "Royalty") over the Company's
Prairie Creek zinc-lead-silver mine in the Northwest Territories
(the "Mine") for C$8 million.
The issuance of the Royalty will be subject to shareholder approval
as required by the Toronto Stock Exchange ("TSX").
It is anticipated that this new non-equity-dilutive royalty will
provide funding through the completion of permitting of the Mine.
image: https://mma.prnewswire.com/media/1003120/NorZinc_Ltd__NorZinc_Announces_New_Financing.jpg
NorZinc Announces New Financing (CNW Group/NorZinc Ltd.)
Don MacDonald, President & CEO of NorZinc Ltd. stated,
"The Royalty financing shows continuing support by our largest
shareholder for the Mine, the Company, and its management and it will
allow us to continue development of the Mine at full pace.
Upon receipt of the All Season Road permit, the Company intends to
complete the next stage of financing, allowing the Company to keep to
the development schedule outlined in August 2018."
Mr. MacDonald also said "Although the Mine will primarily produce
zinc and lead, it is anticipated to produce
significant silver as a by-product.
The heightened interest in silver producing assets in recent months
has greatly enhanced the importance of silver to
the Mine's revenue and financing opportunities".
RCF Royalty Financing and Interim Short Term Loan
(a) C$8 Million Royalty
The Company has agreed to sell a 1.0% Royalty on products from the Mine for C$8 million to RCF. Sandstorm Gold Ltd. ("Sandstorm") holds a right of first refusal ("Sandstorm ROFR") on the Royalty sale. If the Sandstorm ROFR is not exercised, the TSX will require that the Company hold a Special Shareholders Meeting to obtain disinterested shareholder approval for the sale of the Royalty to RCF. The Royalty calculation is essentially the same as used for the existing 1.2% royalty previously sold to Sandstorm in 2013 for US$10 million (at the time C$10.25 million).
(b) US$6 Million Short Term Loan
RCF has agreed to loan the Company (the "Loan") up to US$6 million (currently C$7.96 million) repayable on the earlier of (a) 120 days from first advance under the Loan and (b) the date on which either the Royalty is funded by RCF or by Sandstorm. The Loan bears an interest rate of 8% per annum payable on maturity. The Loan is secured over all of the assets comprising the Mine. The Loan agreement contains certain post-closing business commitments made by NorZinc to be completed over the remainder of 2019, including specific financing and construction preparations for the commencement of construction of the initial winter road (Phase 1 of the All Season Road) access to the Mine. The Loan proceeds are to be used for development of the Mine in accordance with an agreed budget.
Shareholder Approval and Royalty Closing
As RCF holds more than 10% of the Company's outstanding shares, the TSX requires the Company to obtain approval of the sale of the Royalty to RCF by a majority of the voting securities of the Company, on a disinterested basis. The Company is preparing a Management Information Circular for a Special Shareholder meeting to approve the sale of the Royalty. Subject to shareholder approval, NorZinc expects the Royalty transaction to close in the fourth quarter of 2019.
About NorZinc
NorZinc is a TSX-listed mine development company trading under the symbol "NZC". The Company is developing its key project, the 100%-owned high grade zinc-lead-silver Prairie Creek Mine, located in the Northwest Territories. The Company also owns projects in Newfoundland that host several zinc-lead-copper-gold-silver deposits.
Cautionary Statement – Forward-Looking Information
This press release contains forward-looking information, including, among other things, expectations regarding road construction requirements and timing, the permitting process, timing of commencement of operations on the Prairie Creek Mine and related matters, life of mine of the Prairie Creek Mine, the Company's plans regarding potential financings, production and shareholder approval. This forward-looking information is based on, among other things, management's expectations with respect to the issue of permits, the size and quality of mineral resources, future trends for the Company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, capital market conditions, and the financial results of the Company. Actual results may vary from the forward-looking information. Material risk factors that could cause actual results to differ materially from the forward-looking information include risks that the assumptions and factors on which the forward-looking information is based differ from expectations, as well as all of the risk factors described in the Company's most recent Form 40- F/Annual Information Form on file with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking information, except as required by applicable law. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
SOURCE NorZinc Ltd.
image: https://rt.newswire.ca/rt.gif?NewsItemId=C6006&Transmission_Id=201909300730CANADANWCANADAPR_C6006&DateId=20190930
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/30/c6006.html
Don MacDonald, President & CEO, (604) 688-2001, Suite 1710, 650 West Georgia Street, Vancouver, BC V6B 4N9; Steve Dawson, VP Corporate Development, (416) 203-1418, Tollfree:1-866-688-2001, Suite 1805, 55 University Avenue, Toronto, ON M5J 2H7, steve.dawson@norzinc.com, E-mail: invest@norzinc.com, Website: www.norzinc.comCopyright CNW Group 2019
Canada Newswire
September 30, 2019 - 4:30 AM PDT
Tags: INDUSTRIAL METALS & MINERALS
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https://stockhouse.com/news/press-releases/2019/09/30/norzinc-announces-new-financing#K045afkGggDgZBeD.99
Hunt Brothers Old Silver Dream Mine -
one of the richest in the world @ bargain price -
Cdn Zinc Corp J (CZN)
TSX:CZN Detailed Quote
http://www.canadianzinc.com/
God Bless
thanks for clearing that up :)
NZC
CZICF: effective Sept. 11,2018 Canadian Zinc Corp. will change to Norzinc Ltd.:
http://otce.finra.org/DLSymbolNameChanges
Staying vigilant... you could be right...
bulls running again...
some indicators > http://stockcharts.com/h-sc/ui?s=CZICF&p=D&yr=0&mn=6&dy=0&id=p51127344330
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Hunt Brothers Old Silver Dream Mine -
one of the richest in the world @ bargain price -
Cdn Zinc Corp J (CZN)
0.295 ? 0.035 (+13.46% ))
Volume: 686,116 @ 2:41:03 PM ET
Bid Ask Day's Range
0.29 0.295 0.265 - 0.3
TSX:CZN Detailed Quote
http://www.canadianzinc.com/
http://www.canadianzinc.com/images/media_articles/2014/CZN_NorthernMiner_Nov2014.pdf
https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg">https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg"; />
- God Bless -
Did you ever get your questioned answered as to when production possibly may begin? Demand with price increases would be very helpful. We are interested in becoming shareholders, someday....
Management been at it 20 years an the pay is good.Maybe another 20 years.
Whats the ETA for the mine ever getting into production?
and.... 52 week low?
Hunt Brothers Old Silver Dream Mine -
one of the richest in the world @ bargain price -
Cdn Zinc Corp J (CZN)
0.2 ? 0.005 (2.56%)
Volume: 199,425 @ 3:54:38 PM ET
Bid Ask Day's Range
0.195 0.2 0.19 - 0.2
TSX:CZN Detailed Quote Wiki
http://www.canadianzinc.com/
http://www.canadianzinc.com/images/media_articles/2014/CZN_NorthernMiner_Nov2014.pdf
https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg">https://pbs.twimg.com/media/B8fajUwCYAAgpGE.jpg" />
God Bless
almost 52 week low here... how? why?
Zinc and nickel price upside ‘imminent': Clarus
Peter Koven | January 20, 2015 | Last Updated: Jan 20 3:08 PM ET
http://business.financialpost.com/2015/01/20/zinc-and-nickel-upside-imminent-clarus/?__lsa=707e-3f56#__federated=1
Northern Miner presentation is very good.
CZN CA$0.22 -0.005 (-2.22%) what a Ag bargain -
http://www.canadianzinc.com/
http://www.canadianzinc.com/images/media_articles/2014/CZN_NorthernMiner_Nov2014.pdf
God Bless
Anything under a quarter is a steal in my view...
Canadian Zinc Corporation (TSX:CZN) - 20th Anniversary Vancouver Resource Investment Conference 2015 -
212-1661 Portage Avenue Winnipeg, MB, R3J 3T7 Canada
Canadian Zinc Corp.
1710-650 W Georgia Street Vancouver, BC, V6B 4N9 Canada
http://www.canadianzinc.com
ABOUT
Canadian Zinc Corporation is a development stage company listed on the Toronto Stock Exchange under the symbol "CZN", in the United States on the OTCQB under the symbol "CZICF" and in Germany on the Frankfurt under the symbol "SRS" and is engaged in the business of exploration and development of natural resource properties. The Company has an experienced Executive and Board based in Vancouver BC.
Canadian Zinc aims to bring its 100%-owned Prairie Creek Mine into production at the earliest possible date. The Mine, situated in the Mackenzie Mountains of the Northwest Territories, has a fascinating history which includes the famous Hunt Brothers' plan to corner the world silver market. The Mine hosts substantial resources of high-grade silver, zinc, and lead.
Prairie Creek contains 5.22 million tonnes of Proven and Probable Mineral Reserves averaging 9.4% Zn, 9.5% Pb, 0.3% Cu and 151 g/t Ag. In addition, there are 5.43 million tonnes of Measured and Indicated Mineral Resources with an average grade 10.8% Zn, 10.2% Pb, 0.31% Cu and 160 g/t Ag as well as 6.24 million tonnes of Inferred Mineral Resources with an average grade of 14.5% Zn, 11.5% Pb, 0.57% Cu and 229 g/t Ag.
Prairie Creek has received a positive decision on the Environmental Assessment completed by the Mackenzie Valley Environmental Impact Review Board and is in the final stages of permitting the operation. Canadian Zinc is also completing a Feasibility Study on the project before operations commence.
20th Anniversary Vancouver Resource Investment Conference 2015 -
http://cambridgehouse.com/event/33/20th-anniversary-vancouver-resource-investment-conference-2015
That volume signal in September was a wake-up call... NOW, I think the bottom is here.
Up +27% this week... amazing... CZICF/CZN
Cdn Zinc Corp J (CZN)
0.23 ? 0.02 (9.52%)
Volume: 208,500 @ 12:31:54 PM ET
Bid Ask Day's Range
0.23 0.24 0.21 - 0.24
TSX:CZN Detailed Quote Wiki
Quit a storied individual. Thank you for sharing.
Nelson Bunker Hunt, Alleged Silver Manipulator, Has Died –
TDV Week in Review: October, 26 2014
Sunday, October 26, 2014 9:45
http://beforeitsnews.com/economy/2014/10/nelson-bunker-hunt-alleged-silver-manipulator-has-died-tdv-week-in-review-october-26-2014-2671304.html
God Bless
Very insightful NYBob.....
bigone' on 'Canadian Zinc Corp. (CZICF) thank you,
well, I have been investing in gold and silver mines -
since Nixon destroyed the Gold Standard for the dollar 1971 -
to make it 100% fiat poncy scheme currency -
http://politicalvelcraft.org/2013/05/04/silver-gold-being-shut-down-for-awhile-for-currency-revaluations-get-the-low-prices-while-it-lasts/
the Rothschild 666 banksters print as much they want -
http://politicalvelcraft.org/rothschild/
the people only be obligated to pay the paper debt back
to fed - the bankstews rob the fiat money and the
people have to pay more in taxes - the more the
bankster ex. steal. rob and pay in bonuses to them self -
http://politicalvelcraft.org/treason/
the only legal tender is gold and silver -
the deeper down the mother load is in the mines -
the harder it is for the 666 gypses to rob it -
the safer it is to invest in
http://politicalvelcraft.org/2013/03/12/golden-secrets-of-silver/
http://www.canadianzinc.com
God Bless
Thanks NYBob You sure get around on a lot of company boards.
2014 Winter Drill Program Commences at South Tally Pond, Newfoundland
- Drill testing of the newly discovered Northwest zone
http://web.tmxmoney.com/article.php?newsid=65376699&qm_symbol=CZN
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 29, 2014) - Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF) ("the Company" or "Canadian Zinc") is pleased to announce the commencement of a winter diamond drill program at the Company's wholly-owned South Tally Pond zinc-lead-copper-silver-gold project in central Newfoundland. The planned drill program will consist of eight to ten drillholes, totaling 3,000 metres.
The 2014 winter drill program will follow up on favourable results from the 2013 drill programs, which totaled 8,300 metres in 26 drillholes at the Lemarchant deposit. Highlights of the 2013 drilling programs include the discovery of Northwest zone located 250 metres to the northwest of the Lemarchant deposit and further extensions to the Lemarchant deposit (see Company news release dated December 11, 2013 and April 17, 2013).
Priority drill targets for 2014 include testing for additional massive sulphide mineralization to expand the newly discovered Northwest zone and expanding the known Indicated and Inferred resources of the Lemarchant deposit. The 2014 program is fully supported by funds from the $4 million flow-through financing, which closed on August 20th, 2013.
South Tally Pond Project
The South Tally Pond Project, which includes the Lemarchant deposit, is located in a proven mining district in central Newfoundland. The project is located immediately southwest of Teck Resources Limited's Duck Pond Cu-Zn Mine and south of the world-class, historic Buchans deposits. The Lemarchant deposit is a significant precious metal-rich, copper-lead-zinc volcanogenic massive sulphide ("VMS") discovery with the potential to develop into a viable economic resource.
A National Instrument ("NI") 43-101 mineral resource estimate on the Lemarchant deposit completed in 2012 includes an indicated resource of 1.24 million tonnes at an average grade of 5.38% Zn, 1.19% Pb, 0.58% Cu, 59.17 g/t Ag and 1.01 g/t Au; and an inferred resource of 1.34 million tonnes at an average grade of 3.70% Zn, 0.86% Pb, 0.41% Cu, 50.41 g/t Ag and 1.00 g/t Au.
Canadian Zinc also owns an extensive land package, in excess of 500 square kilometres in central Newfoundland, which includes three polymetallic (copper-lead-zinc-silver-gold) deposits with NI 43-101 compliant resources, numerous exploration targets and a detailed exploration database spanning several decades of previous work. The South Tally Pond project hosts the Lemarchant deposit and Northwest zone; the Tulks South project hosts the Boomerang-Domino deposits and Hurricane zone; and the Long Lake project which host the Main Zone deposit. Exploration programs are now being planned for key central Newfoundland properties during 2014.
About Canadian Zinc
Canadian Zinc is a TSX-listed exploration and development company trading under the symbol "CZN". The Company's key project is the 100%-owned Prairie Creek Project, a fully permitted, advanced-staged zinc-lead-silver property, located in the Northwest Territories.
With a Mineral Reserve of 5.2 million tonnes averaging 9.4% zinc, 9.5% lead and 151 g/t silver and an additional Inferred Resource of 6.2 million tonnes averaging 14.5% zinc, 11.5% lead, 0.57% copper and 229 g/t silver, (AMC Mining Consultants (Canada) Ltd. J M Shannon and D Nussipakynova, Qualified Persons, June 2012), Canadian Zinc's objectives are to complete engineering and securing financing for the development of Canada's next zinc mine. Prairie Creek has the majority of infrastructure in place including a 1,000 tonne per day mill, five kilometres of underground workings and related equipment, a heavy duty and light duty surface fleet, three exploration diamond drills and a 1,000 m airstrip.
Cautionary Statement - Forward-Looking Information
This press release contains certain forward-looking information, including, among other things, the expected completion of acquisitions and the advancement of mineral properties. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the completion of transactions, the issue of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Cautionary Note to United States Investors
The United States Securities and Exchange Commission ("SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit U.S. registered companies from including in their filings with the SEC.
Canadian Zinc Corporation
John F. Kearney
Chairman
(416) 368-5344
(416) 362-6686
Canadian Zinc Corporation
Alan B. Taylor
VP Exploration & Chief Operating Officer
(604) 688-2043
(604) 688-2001 or Tollfree: 1-866-688-2001
Canadian Zinc Corporation
Steve Dawson
VP Corporate Development
(416) 368-5344
(416) 203-1418
invest@canadianzinc.com
http://www.canadianzinc.com
God Bless
Anything new here to report? We may buy a few shares in the coming weeks on a price drop? Had shares 3 or 4 years ago.
Canadian Zinc Corp. (CZICF)wkly
CANADIAN ZINC ANNOUNCES C$4 MILLION
BOUGHT DEAL FLOW-THROUGH PRIVATE PLACEMENT -
http://www.canadianzinc.com/images/Docs/News_Releases/CZNNR20130801.pdf
http://www.canadianzinc.com/
http://www.canadianzinc.com/investor/slideshows
http://investorshub.advfn.com/Canadian-Zinc-Corporation-TSX-CZN-14899/
God Bless
Revenue in 2015 and big time thereafter. Meanwhile, watch for attention from the big boys. Patience.
Well you all, what do you say now about CZICF? Looks like the stock will drop to a new 52 week low?!
Buckle my seat belt my B**T! They were granted their Water Licence, a little bit of interest shows up and then WHAM, SLAM, BAMM down CZICF goes. Where is all the interest now?
This Friday the 5 day "Energy & Mines Minister Conference" starts in Yellow Knife. The Water Permit could be announced at this event! Buckle your seatbelts!
~ $CZICF ~ Zinc commodity very bullish here.
Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
$CZICF has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "CZICF" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "CZICF": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=CZICF ~
Search Ihub for "CZICF" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CZICF ~
For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~
Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~
c
CANADIAN ZINC ANNOUNCES C$4 MILLION
BOUGHT DEAL FLOW-THROUGH PRIVATE PLACEMENT -
http://www.canadianzinc.com/images/Docs/News_Releases/CZNNR20130801.pdf
http://www.canadianzinc.com/
http://www.canadianzinc.com/investor/slideshows
http://investorshub.advfn.com/Canadian-Zinc-Corporation-TSX-CZN-14899/
God Bless
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Canadian Zinc Corporation is a Toronto listed junior exploration company, trading under the symbol - CZN and CZICF.pk US Pinksheets -http://pinksheets.com/pink/quote/quote.jsp?symbol=czicf . The company's main project is the Prairie Creek Silver & Zinc mine in Canada. The Company has an experienced Executive and Board based in Vancouver BC.
Canadian Zinc's long-term aim is to bring the 100%-owned Prairie Creek Mine in the Mackenzie Mountains of the Northwest Territories into production at the earliest possible date. The mine, which has a fascinating history, is a silver and base metals property already in the advanced stages of development, with substantial resources of high-grade silver, zinc, and lead. Exposures of mineralized vein structures, which overly thicker Stratabound mineralization, both of which are included in the present resource, are known to occur over a distance of 16 KM's through the property.
To bring value to our shareholders through the development of advanced Precious and Base Metals projects.
All About the Management | Projects/Goals | |
http://www.canadianzinc.com/content/about/management.php | http://www.canadianzinc.com/content/mine/ |
Investor Info Including Share Structure & News | Reach Out To Contact Us | |
http://www.canadianzinc.com/content/investor/ | http://www.canadianzinc.com/content/contact/ |
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