Vancouver, British Columbia–(Newsfile Corp. – November 8, 2018) – Slave Lake Zinc Corp. (CSE:SLZ) is one of the latest new listings on the Canadian Securities Exchange. The company intends to develop the potential of its O’Connor Lake property, an historic zinc lead copper property located in the North West Territories of Canada, south of Great Slave Lake and to the east of Osisko Metals’ Pine Point project.
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The property, which covers approximately 465 acres, lies on the east shore of O’Connor Lake about 195 kilometres south east of Yellowknife and 150 kilometres east of Hay River.
The property was initially developed after the Second World War and subsequently abandoned in 1952 when the prices of zinc and lead collapsed post war. Management believes that it is well positioned to advance this project and to significantly expand the historic potential of the property. For more information about the history of the property please refer to this video presentation (click here) on InvestmentPitch.com, by Ritch Wigham, CEO, dated prior to the financing.
The company raised gross proceeds of approximately $620,000 from the issuance of approximately 6.2 million units priced at $0.10, with each unit consisting of one share and one-half a warrant with each full warrant exercisable at $0.30 for 24 months.
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Barry Morgan, CFO