Zincore Announces Shares FOR Debt Settlement
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 ANNOUNCES SHARES FOR DEBT SETTLEMENT
Vancouver, B.C. May 5, 2017 – Zincore Metals Inc. (NEX: ZNC.H) (“Zincore” or the “Company”) reports
that it has entered into a Shares for Debt Agreements (the “Settlement Agreements”) with certain
creditors whereby Zincore will issue common shares of the Company at a deemed price of $0.195 per
share in settlement of amounts owing. Pursuant to the Settlement Agr eements, $1,059,222 in debt will be
settled by issuance of a total of 5,431,910 shares of Zincore.
Issuance of the shares will not result in the creation of any new control persons.
Pursuant to Multilateral Instrument 61 -101 – Protection of Minority Securi ty Holders in Special
Transactions (" MI 61 -101") and TSX Venture Exchange Policy 5.8, a portion of the shares for debt
transaction constitutes a "related party transactions" as a related party will receive 2,045,027 shares in
connection therewith. The Comp any is relying on exemptions from the formal valuation and minority
approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.
The Shares for Debt Settlement is subject to the approval of the TSX Venture Exchange and all sh ares
issued will be subject to a four-month hold period from the settlement date.
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 Venture
Exchange under the symbol ZNC.H. For more information, please see our website at
www.zincoremetals.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.
For more information please contact:
Zincore Metals Inc.
Adam Ho, CFO & VP, Corporate Development
(604) 669-6611
Cautionary Note Regarding Forward Looking Statements
This news release contains certain forward -looking statements, Any statements that express or involve discussions
with respect to predi ctions, 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 statements”. Forward-looking statement s are subject to a variety of risks and
uncertainties which could cause actual events or results to materially differ from those reflected in the forward -
looking statements.