Adventus Zinc Corporation (TSX-V: ADZN; OTCQX: ADVZF) has closed a non-brokered private placement pursuant to which the company issued 13,794,616 common shares at a price of CDN $0.876 per share, for total gross proceeds of approximately CDN $12.1 million.

The net proceeds will be used to fund exploration and development activities at the Curipamba project, within the Ecuador Exploration Alliance, including the Pijili and Santiago projects, and general administration and corporate purposes.

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