VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 16, 2013) - Messina Minerals Inc. (TSX VENTURE:MMI) ("Messina" or the "Company") is pleased to announce that at the special meeting of shareholders held today in Vancouver, B.C., the shareholders of Messina approved the Company's previously announced statutory arrangement (the "Arrangement") pursuant to which all of the Company's shares will be acquired by Canadian Zinc Corporation ("Canadian Zinc") in exchange for shares of Canadian Zinc.
In accordance with the recommendation of the Company's Board of Directors, the Arrangement was approved by 99.86% of the votes cast by Messina's shareholders. The Arrangement was also approved by 99.75% of the votes cast by minority shareholders, after excluding the shares held by Canadian Zinc in accordance with Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions.
Following the issuance of the final order by the Supreme Court of British Columbia and the closing of the Arrangement, Canadian Zinc will acquire all of the issued and outstanding common shares of Messina that it does not already own. Shareholders of Messina (other than Canadian Zinc) will receive one share of Canadian Zinc for each 5.9 shares of Messina held.
Completion of the Arrangement is subject to final court approval at a hearing scheduled for tomorrow, December 17, 2013. Closing of the Arrangement is expected to occur on December 20, 2013.
On Behalf of the Board,
Messina Minerals Inc.
Peter Tallman, President, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.