InZinc Mining Ltd. (TSXV:IZN) announced a non-brokered private placement of 20,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 2,000,000 on November 17, 2017. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.15 per share for a period of 24 months from the date of closing. Red Cloud Klondike Strike Inc. and other parties acted as finders and will receive finder’s fee of 7% in cash and 7% in warrants. Each finder’s warrant will entitle the finder’s to acquire one common share at an exercise price of CAD 0.15 for a period of 24 months. The transaction may include participation from certain insiders of the company. The securities issued are subject to a hold period of four months from the date of issuance. The transaction is subject to receipt of regulatory approvals including TSX Venture Exchange approval. The transaction is expected to close on or before December 7, 2017.