Resource Capital Fund IV L.P. Acquires Units of Yukon Zinc Corp.



    DENVER, CO, March 19 /CNW/ - Resource Capital Fund IV L.P. ("RCF IV")
announces that it has acquired 48,148,148 units ("Units") of Yukon Zinc Corp.
("Yukon Zinc") pursuant to a private placement (the "Private Placement"). Each
Unit consists of one common share and one half of one common share purchase
warrant (each whole warrant, a "Warrant"). The Units were acquired at a
purchase price of CDN$0.135 per Unit representing an aggregate purchase price
of CDN$6.5 million. Prior to the Private Placement RCF IV held 10,344,500 or
2.6% of the issued and outstanding common shares of Yukon Zinc.
    Following the Private Placement, the common shares owned by RCF IV
represent 12.84% of the issued and outstanding common shares of Yukon Zinc.
Assuming the exercise of the Warrants, RCF IV will have acquired
82,566,722 common shares, or 17.21% of the issued and outstanding common
shares of Yukon Zinc.
    The shares of Yukon Zinc were acquired by RCF IV for investment purposes.
Depending upon market conditions and other factors that RCF IV may deem
material to its investment decisions, additional shares may be purchased in
the open market or in private transactions. Depending on these same factors,
shares currently owned (or hereafter acquired) by RCF IV may be sold in the
open market or in private transactions.





For further information:

For further information: For additional information concerning the
foregoing or a copy of the Early Warning Report referred to in this release,
please contact: Brian Dolan, RCF Management L.L.C., Tel: (720) 946-1444


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890