Zincore Metals Announces Results of Agm, Adoption of New 10% Rolling Option Plan and Appointment of New Chief Financial Officer
ZINCORE METALS INC.
#1201 – 1166 Alberni Street
Vancouver, British Columbia V6E 3Z3
NEWS RELEASE
ZINCORE METALS ANNOUNCES RESULTS OF AGM,
ADOPTION OF NEW 10% ROLLING OPTION PLAN AND
APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
Vancouver, BC, July 14, 2022 – Zincore Metals Inc. (the “Company”) (NEX:ZNC.H) is pleased to announce the results
of its annual general meeting of shareholders (the “Meeting” ) held on July 14, 2022 in Vanc ouver, British Columbia. All
resolutions proposed at the Meeting were duly passed.
The resolutions at the Meeting consisted of the following: (1) election of all di rector nominees listed in the management
information circular dated June 9, 2022, to the board of directors of the Company, being Jorge Benavides, Matthew Roma,
Ramon Perez and Adam Ho; (2) appointment of Saturna Group Chartered Accounts LLP as auditor of the Company for the
ensuing year and authorization of the directors to fix its remuneration; and (3) approval of a new form of 10% rolling stock
option plan dated for reference July 14, 2022 (the “New Option Plan”).
The New Option Plan allows the board of directors to grant such number of stock options of the Company up to 10% of the
issued and outstanding common shares of the Company at th e time of grant. The Company adopted the New Option Plan
in order to comply with recent amendments made to the TSX Venture Exchange (the “TSXV”) policy governing security
based compensation and include, among other things:
specific restrictions with respect to adjustments to secur ity based compensation. Any ad justment to stock options
granted (except in relation to a consolidation or share split) is subject to the prior acceptance of the TSXV;
Investor Relations Service Providers may not receive a ny security based compensation other than stock options;
and
allowing for option holders to exercise options on a “Cashless Exercise” or “Net Exercise” basis.
The Company has 688,000 stock options currently outstandi ng under the New Option Plan and 1,222,633 stock options
remain available for grant. All options granted under the Company’s previous option plan are now subject to the New
Option Plan without any action required on the part of the option holders.
A copy of the New Option Plan was attached to the Circular, a copy of which was filed on SEDAR on June 21, 2022.
In addition, the Company reports that Adam Ho has tendere d his resignation from the Company’s role of Chief Financial
Officer while maintaining his position as a director on the Bo ard of Directors. Concurrently, the Company also announces
that it has appointed Maggie Wong as the new Chief Financial Officer and Corporate Secretary.
Zincore President and CEO, Jorge Benavides commented, “Adam has been instrumental in helping Zincore navigate the
past several difficult years. We will miss his counsel and wish him great success in all his future endeavours”.
Mr. Benavides concluded, “Although we will miss Adam’s input, we are very glad to have Maggie join us as Chief Financial
Officer. Her significant finance and accounting experience w ill benefit the Company significantly as we seek to move
forward”.
Miss Maggie Wong is currently the Director of Finance of Sa mina Capital Ltd, a public company management firm. Prior
to joining Samina Capital Ltd., Miss Wong was Project Cost Analyst of Secure Energy for 14 years, a public company
specializing in waste management, project & environmental Se rvices, and landfills. During her tenure at Secure Energy,
she was responsible to oversee and financially manage all so il remediation projects, demolition projects, water technology
projects and soil facilities for entire BC region, with duties incl uding but not limited to inte rnal and external reporting,
budget management, change order management and analysis, and financial control.
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About Zincore
Zincore is a Vancouver-based Company, with common shares which trade on the NEX Board of the
TSX Venture Exchange under the symbol ZNC.H.
ON BEHALF OF THE BOARD OF DIRECTORS
“Adam Ho”
Adam Ho
Chief Financial Officer and Director
For further information, please contact:
Zincore Metals Inc.
Adam Ho, Director
(604) 669-6611
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.
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