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Paragon Minerals Announces Merger and Private Placement with Canadian Zinc

Paragon Minerals Corporation (PGR.V) has entered into a definitive agreement with Canadian Zinc Corporation (CZN.TO) whereby Canadian Zinc will acquire all of the outstanding common shares of Paragon in exchange for common shares of Canadian Zinc by way of a statutory plan of arrangement.

On signing of the arrangement agreement, Canadian Zinc has also agreed to immediately purchase, in a non-brokered private placement financing, 7 million Paragon common shares at a price of $0.07 per share for a total consideration of $490,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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