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NorZinc Ltd NORZF

NorZinc Ltd is a Canadian exploration and development company. It is engaged in the business of exploring and developing natural resource properties. Its key project includes Prairie Creek Project, advanced-staged zinc- lead-silver property, located in the Northwest Territories. It also owns an extensive land package in central Newfoundland.


OTCPK:NORZF - Post by User

Comment by JohnnyBurnetteon Oct 17, 2022 7:20pm
144 Views
Post# 35030295

RE:Circular?

RE:Circular?

Well, not that it will mean much, but I'm voting "no" even knowing that the likely outcome is foreclosure.  But I"m also exceedingly stubborn and frequently vote my heart and not my head (voted THREE times for Ralph Nader)

I purchased this stock in hopes of participating in the long term development of a profitable mine. I understood the risk when I made the purchase. 

I've mentioned this before, but I really want to put a fine point on it.  Getting a low offer under duress doesn't feel like minority shareholder rights are being respected.  Given the company is beholden to continuted credit from a hedge fund, perhaps there isn't much legal grounds to appeal for protection.

HOWEVER, when the company took the first loan after RCF owned more than 40%, the presentation stated that no shareholder vote or polling of minority interest was legally required.  I'm betting that such authorization SHOULD have been required at that time and this will become the basis for the inevitable lawsuits in our future.

Pretty sure law firms will get rich, not us.

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