DENVER, CO, Sept. 15, 2016 /CNW/ - Resource Capital Fund VI L.P. ("RCF VI") reports that between July 7, 2016, the date of RCF VI's most recently filed early warning report, and September 14, 2016, it acquired 5,563,000 common shares (the "Purchased Shares") of Canadian Zinc Corporation (the "Company"), representing approximately 2.14% of the issued and outstanding common shares in the capital of the Company (the "Common Shares"). RCF VI acquired the Purchased Shares through the facilities of the Toronto Stock Exchange at an average price of approximately C$0.3225 per Purchased Share, for an aggregate consideration paid of $1,794,085.90.
Prior to the acquisition of the Purchased Shares, RCF VI owned and controlled 43,767,000 Common Shares, representing approximately 16.87% of the issued and outstanding Common Shares. Following the acquisition of the Purchased Shares, RCF VI owns and controls, directly or indirectly, 49,330,000 Common Shares, representing approximately 19.01% of the current issued and outstanding Common Shares.
RCF VI acquired the Purchased Shares for investment purposes. RCF VI may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.
The Company's head office is located at 650 West Georgia Street, Suite 1710, P.O. Box 11644, Vancouver, British Columbia, V6B 4N9.
To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see the Company's profile on the SEDAR website www.sedar.com.
About Resource Capital Fund VI L.P.
RCF VI is a private investment fund existing under the laws of the Cayman Islands.
SOURCE Resource Capital Fund VI L.P.
For further information: and to obtain a copy of the early warning report, please contact: Resource Capital Fund VI L.P., 1400 Sixteenth Street, Suite 200, Denver, CO, 80202, Telephone: (720) 946-1444, Attn: Molly Campbell