ZincX Resources closes private placement
Key facts
- C$1.8M PP
- C$0.12/unit
- +0.5 wt @ C$0.3 / 18mo
- Sep 11 close
Vancouver, British Columbia, Canada – TheNewswire - Friday, September 11, 2026 – ZincX Resources Corp. (“ZincX” or the “Company”, TSX Venture Exchange: ZNX, FRA: A2JLRM) is pleased to announce that
further to the news releases dated August 31, 2026 and September 1, 2026, it has closed the non-brokered private placement for gross proceeds of $1,820,000 (the “Private Placement”). The Private Placement consisted of the issuance of 15,166,667 units (“Units”) of the Company at a price of $0.12 per Unit.
Each Unit is comprised of one common share (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder to purchase one Common Share of the Company at a price of $0.30 for a period of 18 months from the date of issue, provided that if, at any time, after the date that is four months and one day following the closing, the volume weighted average trading price of the common shares on the TSX Venture Exchange is at least $0.45 per share for a period of 20 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 21 days after the date that notice of such acceleration is provided to the Warrant holders, which notice may be by way of general press release.
The proceeds will be used to continue to advance the Company’s Akie and Kechika Regional projects in British Columbia and for working capital purposes.
No finder’s fee were paid by the Company in connection with this Private Placement.
All securities issued in connection with the Private Placement are subject to a statutory hold period expiring January 12, 2027.
The Private Placement remains subject to approval by the TSX Venture Exchange.
The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States or to US persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. No securities regulatory authority has reviewed or approved of the contents of this news release. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Company welcomes Dr. Quinton Hennigh as a participant in the financing.
Dr. Hennigh is an exploration geologist with over 40 years’ experience in developing and managing exploration programs for both major and junior mining companies. Recently, he is prioritizing his work on identifying junior resource companies with exceptional exploration and investment potential. Given his technical background, he works exclusively with companies amenable to collaborating on exploration strategies that maximize discovery success. He is currently CEO of San Cristobal Mining, one of the world's largest silver and zinc producers; his mining investments are managed within his private firm *RC Initiatives.