Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

InZinc Announces Voting Results from Annual Meeting of Shareholders

V.IZN

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) - InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") announces that at the 2021 Annual Meeting of Shareholders (the "Meeting") held on May 27, 2021, InZinc's shareholders voted in favour of all items of business, including approval of the West Desert Option Agreement dated April 15, 2021.

A total of 52,413,271 common shares were represented at the Meeting, being 42.91% of the Company's issued and outstanding shares. The following is a tabulation of the votes submitted by proxy:

Directors Votes For % of Votes
Kerry M. Curtis 45,493,990 93.39%
Louis G. Montpellier 45,493,990 93.39%
Wayne Hubert 45,427,110 93.25%
John Murphy 45,143,990 92.67%

Auditors Votes For % of Votes
To appoint Davidson & Company LLP as auditors of the Company and to authorize the directors to fix their remuneration. 52,413,271 100.00%

Stock Option Plan Votes For % of Votes
To re-approve the Company's Incentive Stock Option Plan. 45,107,490 92.60%

West Desert Option Agreement Votes For % of Votes
To approve the option agreement dated as of April 15, 2021 between the Corporation, its wholly-owned subsidiary, NPR (US), Inc., American West Metals Limited and West Desert Metals, Inc. 45,486,990 93.38%

West Desert Option Agreement

InZinc entered into an option agreement dated April 15, 2021 (the "Option Agreement") with American West Metals Limited ("American West"), a private Australian company, pursuant to which InZinc granted to a wholly-owned subsidiary of American West an option ("Option") to earn a 100% interest in InZinc's West Desert project ("West Desert") located in Utah, USA. The Option Agreement is subject to, among other things, shareholder approval. The TSX Venture Exchange granted conditional approval of the option agreement subject to shareholder approval at an InZinc meeting of shareholders.

About InZinc

InZinc is focused on growth in zinc through exploration and expansion of the advanced stage West Desert project (100%) in Utah and exploration of the early-stage Indy Sedex project (100% option) in British Columbia. West Desert has a large underground resource open for expansion. The Indy Sedex project comprises near surface discoveries, large untested exploration targets and regional discovery potential. Indy is readily accessible by road from Prince George, the major hub for transportation and heavy industry in central British Columbia and is located 85 kms south of the Canadian National Railway. The West Desert option agreement (100% option to American West Metals, a private Australian company) will provide InZinc continuing leverage as American West Metals advances the West Desert project in Utah to prefeasibility. In addition to receiving significant staged cash payments and shareholdings in American West Metals over the next 24 months, InZinc will receive 50% of the revenue from the sale of indium mined from West Desert on a Net Smelter Return basis upon exercise of the Option.

InZinc Mining Ltd.

"Wayne Hubert"

CEO and Director
Phone: 604.687.7211
Website: www.inzincmining.com

For further information contact:
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management Discussion and Analysis for the year ended December 31, 2020 and for the three-months ended March 31, 2021 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85598



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today