Look to YZC to see what is coming to PAX83,000,000 new shares and warrants since July 2006, when YZC had 247,361,997 shares (excluding unexercised warrants). This will put YZC at 330,000,000 shares (plus untold unexercised warrants). This is exactly what will happen to PAX. Before you know it, PAX will have more shares than pounds of zinc in the ground…
2007-03-09 Dr. Harlan Meade reports (4,100,000 new shares)
2007-03-06 Dr. Harlan Meade reports (21,700,000 new shares and 21,700,000 warrants)
2007-03-02 Mr. Mark Lettes reports (3,500,000 warrants)
2007-02-15 Dr. Harlan Meade reports (6,451,613 new shares)
2006-10-16 Dr. Harlan Meade reports (2,000,000 new warrants)
2006-10-10 Dr. Harlan Meade reports (1,400,000 new shares)
2006-07-31 Dr. Harlan Meade reports (18,000,000 new shares and 4,000,000 warrants)
2007-03-09 Dr. Harlan Meade reports (4,100,000 new shares)
YUKON ZINC CORPORATION GRANTS STOCK OPTIONS - 273,013,342 Shares
Yukon Zinc Corp. has granted additional stock options to directors, officers and employees to purchase up to a total of 4.1 million common shares, bringing total options granted to 25,028,000, or 9.4 per cent of the issued capital. The shares were granted under the company's rolling stock option plan, which provides for issuance of up to 10 per cent of issued capital at any time. Under the plan, the options are vested as to one-quarter on issue and the remaining one-quarter parts on each of first, second and third anniversaries. The options have a five-year term and allow the holder to purchase one additional common share of the company for 25 cents per share until March 9, 2012.
2007-03-06 Dr. Harlan Meade reports (21,700,000 new shares and 21,700,000 warrants)
YUKON ZINC ANNOUNCES C$5 MILLION FINANCING - 266,186,729 shares
Yukon Zinc Corp. is undertaking a best-efforts brokered financing for proceeds of up to $5-million with a syndicate led by Paradigm Capital Inc., and including Canaccord Capital Corp., Dundee Securities Corp. and Orion Securities Inc. The offering will consist of units comprising one common share and one-half common share purchase warrant. The units will be priced at 23 cents per unit with each whole warrant entitling the holder to purchase one common share at 30 cents for a period of 24 months from closing. The closing of the offering is anticipated to be on or about April 4, 2007, or such other date as agreed by the company and the lead agent.
2007-03-02 Mr. Mark Lettes reports (3,500,000 warrants)
YUKON ZINC ANNOUNCES BARCLAYS CAPITAL AS LEAD ARRANGER FOR WOLVERINE SENIOR DEBT FINANCING - 266,186,729 shares
As part of the compensation for this engagement, Barclays will receive 3.5 million non-transferable share purchase warrants exercisable into an equivalent number of common shares for five years at a price of 26 cents per common share. The cumulative number of warrants available for exercise by Barclays is staged and conditional on the achievement of key milestones, including Toronto Stock Exchange approval for the issuance of the warrants, the delivery of a term sheet acceptable to Yukon Zinc and closing of the senior debt financing. The issuance of the warrants, and the issue and listing of the underlying shares are subject to regulatory approval and applicable statutory hold periods. In addition to the customary loan arrangement and other lending fees, Barclays may also be entitled to a $1-million termination fee under certain specified circumstances, such as change of control of Yukon Zinc.
2007-02-15 Dr. Harlan Meade reports (6,451,613 new shares)
YUKON ZINC CLOSES C$2 MILLION FLOW-THROUGH FINANCING
Yukon Zinc Corp. has closed the previously declared $2-million non-brokered private placement financing of flow-through common shares. Pursuant to this financing, 6,451,613 flow-through common shares were sold at a price of 31 cents per share for proceeds of $2-million. These shares have a hold period that expires on June 15, 2007. The proceeds of this financing will be used for the continuing operations of the Wolverine advanced exploration program, including access to the underground mineralized zone, and for general exploration programs in the vicinity of Wolverine in Southern Yukon.
2006-10-16 Dr. Harlan Meade reports (2,000,000 new warrants)
YUKON ZINC APPOINTS HILL STREET CAPITAL AS ADVISORS
Yukon Zinc Corp. is hiring Hill Street Capital LLC as financial adviser to the company. HSC will perform a review of Yukon Zinc's alternatives and will seek an equity investment from a strategic investor for its Wolverine project in the Yukon. Hill Street is an investment banking firm based in New York with extensive experience in mergers, acquisitions and financing. The proposed transaction is intended to provide a key portion of project financing for the development of the Wolverine project.
Subject to regulatory approval, Hill Street will be granted as partial consideration for completion of a transaction, a warrant to acquire two million common shares of Yukon Zinc at a price of 26.5 cents per share. Such warrant will become vested and exercisable upon the completion of a transaction, and will have a term of two years from regulatory acceptance.
2006-10-10 Dr. Harlan Meade reports (1,400,000 new shares)
YUKON ZINC GRANTS OPTIONS TO NEW CFO
Yukon Zinc Corp., subject to regulatory acceptance, has granted options to its new chief financial officer, B.J. Gordon (see Stockwatch, Oct. 5, 2006). The options have a term of five years and provide for the purchase of 1.4 million shares at a price of 25 cents.
2006-07-31 Dr. Harlan Meade reports (18,000,000 new shares and 4,000,000 warrants)
YUKON ZINC CORPORATION CLOSES C$5 MILLION UNIT AND FLOW-THROUGH FINANCING
Yukon Zinc Corp. has closed the $5-million brokered private placement financing, announced in Stockwatch on July 12, 2006. The private placement consisted of eight million units at a price of 25 cents per unit for proceeds of $2-million and 10 million flow-through common shares at a price of 30 cents per share for proceeds of $3-million. Each unit consists of one common share and one-half warrant, with each full warrant being exercisable at 31 cents per share during a one-year period that expires on July 31, 2007. The financing was offered by a syndicate lead by Paradigm Capital Inc. and Blackmont Capital Inc., and which included Dundee Securities Corp. and Canaccord Capital Corp.