Canadian Zinc to acquire N.L. mineral property through Paragon Minerals deal

VANCOUVER – Canadian Zinc Corp. (TSX:CZN) is preparing to acquire the South Tally Pond property in central Newfoundland through a business combination with Paragon Minerals Corp. Canadian Zinc says it will exchange 0.136 of a CZN share for each share of Paragon. Based on Monday’s closing market price, the offer is worth 5.2 cents per share, valuing Paragon’s equity at $2.8 million.

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