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Canada NorZinc lines up US$10mn for Prairie Creek

Toronto-listed NorZinc has signed a US$6 million secured loan agreement with shareholder Resource Capital Funds (RCF) to fund this year’s work program at the zinc-lead-silver Prairie Creek project in the Northwest Territories, Canada.

Canada NorZinc lines up US$10mn for Prairie Creek Canada NorZinc lines up US$10mn for Prairie Creek Canada NorZinc lines up US$10mn for Prairie Creek Canada NorZinc lines up US$10mn for Prairie Creek Canada NorZinc lines up US$10mn for Prairie Creek

NorZinc gets funding

The bridge loan is expected to be followed by the completion of a rights offering of at least a further US$4 million within 150 days. 

NorZinc shares gained 20% or C$0.005 to C$0.