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Pine Point raises US$1.6 million

Canada-based mineral exploration company Pine Point Mining (CN:ZINC), previously known as Darnley Bay Resources, has raised C$2 million (US$1.6 million) through a private placement, with proceeds to be used to fund the continued evaluation of its zinc-lead deposits.

Pine Point raises US$1.6 million Pine Point raises US$1.6 million Pine Point raises US$1.6 million Pine Point raises US$1.6 million Pine Point raises US$1.6 million

Pine Point acquired the Pine Point lead-zinc project at the end of 2016

Half of the 8 million units, including shares and warrants, placed were bought by investment firm Zebra Holding and Investments for $1 million, giving it ownership of 16.