Vancouver mineral exploration company Redcorp Ventures Ltd. (TSX:RDV) has filed a preliminary short form prospectus for $240 million in debt and equity financing.
Net proceeds of the offering will be used to complete development and construction of Redcorp's Tulsequah zinc, copper and lead mine in northwestern B.C.
Paradigm Capital Inc. will lead the deal's syndicate of investment firms, which include Canaccord Capital Corp., Dundee Securities Corp., Octagan Capital Corp., Blackmont Capital Inc. and MGI Securities Inc.
Redcorp's share price range during the past week: between $0.55 and $0.60; 52-week high: $0.93; 52-week low: $0.23.