Announcement • Apr 22
InZinc Mining Ltd. announced that it has received CAD 1.047 million in funding from Pac Shield Resources Inc. and other investors.
On April 20, 2026. InZinc Mining Ltd. announces that it has closed the transaction. It has issued 5,962,500 Flow Through common shares at a price of CAD 0.08 per share for proceeds of CAD 477,000 and 11,400,000 non-flow-through units at a price of CAD 0.05 per unit for proceeds of CAD 570,000 for aggregate proceeds of CAD 1,047,000. The securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period expiring on August 18, 2026. In connection with the offering, the company paid finders' fees in cash of CAD 13,500. Louis Montpellier, Kerry Curtis, Michael Westcott, Wayne Hubert and Joyce Musial, each a director or senior officer of the company, subscribed for a total of 687,500 flow-through shares and 6,400,000 units under the offering. Kerry M. Curtis Chairman and a director and persons acting jointly or in concert with him directly acquired beneficial ownership of 625,000 common shares at a price of CAD 0.08 and indirectly acquired, through Pac Shield Resources Inc., a private company in which Kerry Curtis is the controlling shareholder and a director, beneficial ownership of 1,000,000 units at a price of CAD 0.05. Prior to the acquisition of the Common Shares and Units, the Acquirors had ownership or control, directly or indirectly, over 12,667,333 Common Shares and stock options of InZinc entitling Curtis to acquire 1,450,000 Common Shares, representing approximately 10.27% of the number of Common Shares then issued and outstanding on a non-diluted basis and, assuming exercise of the stock options, approximately 11.31% of the number of Common Shares then issued and outstanding on a partially diluted basis. As a result of the acquisition of the Common Shares and Units, the Acquirors now have ownership or control, directly or indirectly, over 14,292,333 Common Shares, stock options of InZinc entitling Curtis to acquire 1,450,000 Common Shares and 500,000 Warrants entitling Mr. Curtis to acquire 500,000 Common Shares, representing approximately 10.15% of the number of Common Shares then issued and outstanding on a non-diluted basis and, assuming exercise of the stock options and Warrants, approximately 11.38% of the number of Common Shares then issued and outstanding on a partially-diluted basis.
