Pima Zinc Corp. (OTCPK:RAEW.F) announced a private placement wherein it issued 7,400,000 units at issue price of CAD 0.05 per share for gross proceeds of CAD 370,000 on July 24, 2019. Each unit consists of one common share and one one common share purchase warrant. Each warrant can be exercised to purchase one common share of the company at an exercisable price of CAD 0.10 per share for a period of 24 months form the date of closing of the transaction.