Filing of Its 2019 Audited Financial Results and Stock Options Grant
-
1
-
SCOZINC
ANNOUNCES
FILING OF ITS
2019 AUDITED
FINANCIAL RESULTS
AND
STOCK OPTIONS GRANT
Halifax
, Nova Scotia,
June
18
, 20
20
–
ScoZinc Mining Ltd. (
TSX
-
V: SZM
) (“
ScoZinc
” or the
“
Company
”)
announces
that
on Monday
,
15
th
June 2020, the Company
filed its
2019
Audited
Annual Financial
Statements and associated Management’s Discussion and Analysis
(“
MD&A
”)
.
The President and CEO, Mr. Mark Haywood, stated
:
“
Management is pleased to report that our audit team successfully
compl
eted the annual audit requirements on schedule with the Board of Directors
’
approval of the 2019 Annual
Financial Statements and MD&A
received
on Monday 1
5
th
June 2020. All regulatory filings were completed on the same
day in full compliance of our TSX.V listing requirements.
Furthermore, in
particular
appreciation of our teams’
diligent
work over the past
4
months
during the
height of the
COVID
-
19
P
andemic
, I
am also very pleased to advise that
our
Board of Directors has today allocated
2
28
,000 Options to certain ScoZinc
officers, employees and consultants
.”
A
total of 2
2
8
,000 stock options have been granted to officers
,
employees and consultants of the
Company at a
strike
price of
C
$0.45 and expiring
on
18
th
Ju
ne
20
30
, subject to the Company’s Stock Option Plan and the policies of the TSX
Venture Exchange
(“
TSX.V
”)
.
In addition, the Company
advises that it has received final approval from the TSX.V for its recent private placement
which closed on
29
th
May 2020.
About ScoZinc Mining Ltd.
ScoZinc is a
Canadian development company that
has full ownership of
the
Scotia Mine
(Z
n
/
Pb
)
and
related facilities
near Halifax, Nova Scotia
. ScoZinc also holds s
everal
prospective
exploration licenses
nearby its
Scotia
Mine and
in
surrounding regions of Nova Scotia
.
The Company’s
common shares are traded on
the TSX Venture Exchange under the symbol
“SZM”.
For more information, please contact:
Mark Haywood
President & C
hief Executive Officer
Robert Suttie
Chief Financial Officer
Simion Candrea
VP Investor Relations
Head
Office
Purdy’s Wharf, 1959 Upper Water Street, Suite 1301
, Nova Scotia,
B
3J
3N2
,
Canada
Telephone
+1
(902)
482 4481
Facsimile
+1 (902) 422 2388
& Web
info
@
ScoZinc.com &
www.ScoZinc.com
The Company’s corporate filings
and technical reports
can be viewed on the Company’s SEDAR profile at
www.sedar.com
.
Further information on ScoZinc is also available on
at
www.facebook.com/ScoZinc,
at
www.
twitter.com/ScoZincMining
,
a
nd LinkedIn at
www.linkedin.com/company/scozinc
-
mining
-
ltd.
CAUTIONARY STATEMENTS
Neither
the
TSX Venture Exchange
nor
its
Regulation Services
Provider
(as
that term
is
defined
in
the
policies of
the
NEWS
RELEASE
JUNE
18
,
20
20
-
2
-
TSX Venture Exchange
)
accepts
responsibility
for
the
adequacy
or
accuracy
of
this
news
release.
This News Release includes certain forward
-
looking statements which are not comprised of historical facts. Forward
-
looking statements include estimates and statements that describe the Comp
any’s future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or result to occur. Forward
-
looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estima
tes”, “may”, “could”,
“would”, “will”, or “plan”. Since forward
-
looking statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on
information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward
-
looking information could cause
actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by
such forward
-
looking information. Forward looking information in this news release includes, but is not limited to, the
Company’s objectives, goals or future
plans, statements, potential mineralization, exploration and development results,
the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations
and estimates of market conditions. In particular, the
Company has not made a production decision with respect to
ScoZinc
’s
Scotia
Mine. The Company has not completed a feasibility study or established the economic viability of the
Project or proposed operations on ScoZinc
’s
Scotia
Mine, and no mineral
reserves have been established for ScoZinc
’s
Scotia
Mine that would support a production decision. Mineral exploration projects which are put into production without
first establishing mineral reserves and completing a feasibility study have historically h
ad a higher risk of economic or
technical failure. There can be no assurance that forward
-
looking statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such statements. Important factors
that could cause
actual results to differ materially from ScoZinc’s expectations include, among others,
ability to complete the PFS
, ability
to complete the Offering
on the terms announced,
availability and costs of financing needed in the future, changes
in equity
markets, risks related to international operations, the actual results of current exploration activities, delays in the
development of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be
refine
d as well as future prices of metals,
ability to predict or counteract potential impact of COVID
-
19 coronavirus on
factors relevant to the Company’s business,
as well as those factors discussed in the section entitled “Risk Factors” in
ScoZinc’s Management
’s Discussion and Analysis. Although ScoZinc has attempted to identify important factors that
could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, esti
mated
or intended. There can be no as
surance that such statements will prove to be accurate as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward
-
looking statements.
Not for Distribution in the United States