|Bid||0.4300 x 0|
|Ask||0.4450 x 0|
|Day's Range||0.4300 - 0.4300|
|52 Week Range||0.3900 - 1.0000|
|Beta (3Y Monthly)||0.12|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.30|
ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased to announce that it has entered into debt settlement agreements with four creditors of the Company (the “Creditors”) and pursuant thereto will, subject to receipt of approval of the TSX Venture Exchange, issue an aggregate of 391,666 common shares in the capital of the Company, at a deemed price of $0.40 per common share, in consideration for the settlement of a total of $156,666 in accrued liabilities owing to the Creditors (the “Debt Settlement”). The Company expects that the proposed Debt Settlement will assist the Company in preserving its cash for working capital.
ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased to announce that it has completed a non-brokered private placement financing for aggregate gross proceeds of C$550,000 (the "Offering"). The Offering consisted of the sale of 1,100,000 Units at a price of C$0.50 per Unit where a Unit consists of one common share (“Common Share”) and one half of a Common Share purchase warrant, with each full warrant exercisable at a price of $0.75 per Common Share for 24 months following the closing of the Offering (“Warrants”). The Offering is subject to the final approval of the TSXV.
ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased to announce that the report for the updated Preliminary Economic Assessment (“PEA”) on its wholly-owned ScoZinc Zinc-Lead Mine in Nova Scotia, Canada is available on SEDAR. The report shows the results of additional technical and economic optimization studies to update the February 2018 PEA. Project returns remain very robust as increased throughput, lower Canadian dollar assumption and lower initial capital largely offset lower metal price assumptions.