Zincore Shareholders Approve All Resolutions at Special Meeting of Shareholders
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/12/13 -- Zincore Metals Inc. (TSX: ZNC)(LMA: ZNC) ("Zincore" or the "Company") is pleased to report that all resolutions proposed in the Company's Information Circular dated June 21st were overwhelmingly passed by shareholders at a special meeting of shareholders August 8th. Details of the vote by ballot are listed below for each resolution.
Zincore CEO and President, Jorge Benavides stated "We are grateful for the support our shareholders have shown us. At same time, we want to re-emphasize that we are not aware of any intention at this time on First Quantum's part to convert the US$2 million loan due April 17, 2014 into Zincore shares. In fact, First Quantum has two other options it may choose relating to the repayment of this loan, including having the loan credited against its earn-in obligations on the Dolores project, or credited against earn-in obligations for any new copper targets with Zincore under the new copper exploration agreement we recently announced. However, given that the conversion of the loan to Zincore common shares would require shareholder approval and that the loan will be due before the anticipated date of the Company's next Annual General Meeting, we believe it is prudent to deal with this matter now while we had other matters for our shareholders to consider."
At the special meeting, the Company's shareholders approved a proposed consolidation of the Company's shares on, or up to, a six old for one new share basis. The Company intends to proceed with the consolidation on a six old for one new share basis. Further details, including the effective date for the consolidation and instructions on how shareholders may exchange their share certificates, will be provided in a further news release.
For full details of the resolutions voted on at the meeting, please see our news release dated June 28th. For more information about the recently announced regional copper exploration agreement with First Quantum, please see our news release dated July 23rd.
Items Voted on at Special Meeting of Shareholders, August 8, 2013
About Zincore
Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in Peru. The Company's common shares trade on both the Toronto and Lima Stock Exchanges under the symbol ZNC. For more information, please see our website at
Forward-looking Statements: Statements in this release that are forward-looking, in particular with regards to the conversion of the convertible loan provided by First Quantum and completion of the proposed consolidation, are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Annual Information Form of Zincore dated March 22, 2013 which is filed with Canadian securities regulatory authorities and available on SEDAR (). Such information contained herein represents management's best judgment as of the date hereof based on information currently available.
Contacts:
Zincore Metals Inc.
Adam Ho, Manager, Investor Relations
(604) 669-6611 ext. 3
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Datum: 12.08.2013 - 21:18 Uhr
Sprache: Deutsch
News-ID 286916
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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