Zincore Closes First Tranche of Private Placement
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 CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Vancouver, B.C. June 30, 2017 – Zincore Metals Inc. (NEX: ZNC.H ) (“Zincore” or the “Company”) is
pleased to announce it has closed the initial tranc he of its previously announced private p lacement of
units (the “Private Placement”) of the Company. In this initial tranche, the Company has issued an
aggregate of 947,682 units to exempt buyers at a price of C$0.1 4/unit, for gross proceed s of C$132,675.
Each unit consists of one common share and one -half of one common share purchase warrant. Each
whole warrant will entitle the holder to acquire an additional common share at a price of C$0.21 per
common share for a period of twelve months from the closing date.
The proceeds of the Private Placement will be used to pay property taxes in Peru and for working capital
requirements.
All shares issued pursuant to the Private Placement will be subject to a hold period expiring four months
and a day following the date of issue.
As an insider of the Company has subscribed for units pursuant to the Private Placement, the issuance of
those units to the insider (the “Insider Participation”) will be considered to be a related party transaction
within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61 -101 (“MI 61-101”).
The Company intends to rely on the exemptions from the valuation an d minority shareholder approval
requirements of MI 61 -101 contained in Sections 5.5(b) and 5.7(1)(a) of MI 61 -101 in respect of any
Insider Participation.
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
(604) 669-6611
Cautionary Note Regarding Forward Looking Statements
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to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, bu t not
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“plans”, “estimates” or “intends” or stating that certain actions, events or results “ may”, “could”, “would”, “might” or “wi ll” be
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statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially diffe r from
those reflected in the forward-looking statements.