Zincore and Mines & Metals Trading (PERU) Extend Business Combination Agreement
P R E S S R E L E A S E
SUITE 202, 5626 LARCH STREET, VANCOUVER, BC V6M 4E1 CANADA
T 604.669.6611 E [email protected] W www.zincoremetals.com
ZINCORE AND MINES & METALS TRADING (PERU) EXTEND
BUSINESS COMBINATION AGREEMENT
Vancouver, B.C. April 21, 20 20 – Zincore Metals Inc. (NEX: ZNC.H ) (“Zincore” or the
“Company”) reports that it has amended its business combination agreement with Mines & Metals
Trading (Peru) PLC (“MMTP”) to extend the deadline for completion of the reverse takeover of
Zincore by MMTP (the “Transaction”) to June 1, 2020.
Upon completion of the Transaction, it is anticipated that the Company (the “Resulting Issuer”)
will be listed as a Tier 2 issuer on the TSX Venture Exchange (“TSX -V”) and will continue the
exploration and development of MMTP’s Recuperada zinc -lead-silver project in Huancavelica,
Peru, and the reactivation of Zincore’s Accha Zinc Oxide District (“AZOD”) Project.
Zincore intends for trading in the Company’s sh ares to remain halted until completion of the
Transaction. Further details of the Transaction and any related aspects will be made available in
subsequent press releases and in the disclosure documents (which will include business and
financial information in respect of MMTP) to be filed by Zincore in connection with the Transaction.
For further details on the Transaction, please see the Compan y’s news releases dated January
21st, August 14th and December 24th of 2019 and March 12th, 2020.
About MMTP
MMTP, a company incorporated under the Companies Act (2006) (Isle of Man), is a young and
dynamic mining company with a vision to extract full value from undervalued projects across Latin
America. MMTP's primary asset is the Recuperada silver -lead-zinc property, located in
Huancavelica, Peru, which consists of 178 concessions covering a total of 11,261.32 hectares
hosting a network of mineral-bearing veins, advanced infrastructure from historical underground
mining operations, and an ore processing plant with processing capacity of 600 tonnes of ore per
day and 210,000 tonnes of ore per year. For more information on MMTP, please visit
http://latitudebasemetals.com/
About Zincore
Zincore is a Vancouver -based mineral exploration company focused on zinc and related base
metal opportunities in Peru. The Company’s common shares trade on the NEX Board of the TSX-
V under the symbol ZNC.H.
For more information please contact:
Zincore Metals Inc.
Adam Ho, CFO, Director
(604) 669-6611
Cautionary Notes
Completion of the Transaction is subject to a number of conditions, including but not limited to,
TSX-V acceptance and if applicable, disinterested shareholder approval. Where applicable, the
Transaction cannot close until the required shareholder approval is obtained. There can be no
assurance that the Transaction will be completed as proposed or at all.
P R E S S R E L E A S E
SUITE 202, 5626 LARCH STREET, VANCOUVER, BC V6M 4E1 CANADA
T 604.669.6611 E [email protected] W www.zincoremetals.com
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the Transaction, any information released or received
with respect to the Transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of Zincore should be considered highly speculative.
The TSX -V has in no way passed upon th e merits of the proposed Transaction and neither
approved nor disapproved the contents of this news release.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of
the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Information
This news release contains certain forward-looking information within the meaning of applicable
Canadian securities legislation. Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events
or performance (often, but not always, using words or phrases such as “expects” or does not
expect”, “is expected”, anticipates” or “does not anticipate ” “plans”, “estimates” or “intends” or
stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken,
occur or be achieved) are not statements of historical fact and may be “forward-looking
information”. This forward-looking information contained in this news release includes, without
limitation, information concerning the Transaction, the Financing, the Debt Settlement,
expectations regarding whether the Transaction will be consummat ed, including whether
conditions to the consummation of the Transaction will be satisfied, the timing for completing the
Transaction, expectations for the effects of the Transaction or the ability of the Resulting Issuer
to successfully achieve business objectives, expectations regarding whether the Financing will be
consummated, and expectations for other economic, business, and/or competitive factors.
Forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Zincore
to be materially different from those expressed or implied by such information and statements. In
addition, in connection with the forward -looking information contained in this press release,
Zincore has made certain assumptions. Among the key factors that could cause actual results to
differ materially from those proj ected in the forward -looking information are the following: the
ability to consummate the Transaction and the Financing; the ability to obtain requisite regulatory
and securityholder approvals and the satisfaction of other conditions to the consummation of the
Transaction on the proposed terms and schedule; the ability to satisfy the conditions to the
consummation of the Financing; changes in general economic, business and political conditions,
including changes in the financial and commodities markets; cha nges in applicable laws;
compliance with government regulation; and the diversion of management time on the
Transaction and the Financing. Should one or more of these risks, uncertainties or other factors
materialize, or should assumptions underlying the f orward-looking information prove incorrect,
actual results may vary materially from those described herein as intended, planned, anticipated,
believed, estimated or expected.
P R E S S R E L E A S E
SUITE 202, 5626 LARCH STREET, VANCOUVER, BC V6M 4E1 CANADA
T 604.669.6611 E [email protected] W www.zincoremetals.com
Although Zincore believes that the assumptions and factors used in preparing, and the
expectations contained in the forward-looking information are reasonable, undue reliance should
not be placed on such information, and no assurance or guarantee can be gi ven that such
forward-looking information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Statements containing forward-looking
information that are contained in this press release are made as of the date of this press release,
and Zincore assumes no obligation to update or revise any forward -looking information, except
as required by law.