Full Metal Zinc Ltd.
TSX VENTURE : FZ

Full Metal Zinc Ltd.

May 31, 2012 11:35 ET

Full Metal Zinc Reprices Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2012) - Full Metal Zinc Ltd. (the "Company" or "Full Metal Zinc") (TSX VENTURE:FZ) has approved the repricing of its non-brokered private placement previously announced on April 23, 2012. The Company intends to place up to 10,000,000 units at a price of $0.10 per unit (the Company previously announced a total of 10,000,000 units at a price of $0.15 cents per unit).

Each unit will consist of one common share and one-half warrant, at an exercise price of $0.15, exercisable for a period of two years following the closing of the private placement.

The net proceeds from the financing will be used for exploration expenses on the Company's projects and for general working capital.

Full Metal Zinc is currently exploring its flagship Fortymile Property in Alaska. The Company is actively evaluating multiple zinc opportunities in the Americas.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, Vice President & Chairman

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Full Metal Zinc Ltd.
    Michael Williams
    Vice President & Chairman
    604-484-7855