Scozinc Securityholders Approve Arrangement with Fancamp
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SCOZINC SECURITYHOLDERS APPROVE ARRANGEMENT WITH FANCAMP
Halifax, Nova Scotia, April 12, 2021 – ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased
to announce that, at the Company’s Extraordinary General Meeting held on April 12, 2021, its securityholders voted
overwhelmingly in favour of the resolution approving the arrangement agreement pursuant to which, inter alia, Fancamp
Exploration Ltd. (“Fancamp”) will indirectly acquire all of the issued and outstanding common shares of ScoZinc on the
basis of 6.0 Fancamp ordinary shares for each ScoZinc common share (the “Arrangement”).
The President and CEO, Mr. Mark Haywood, commented: “ScoZinc received 99. 80% voting support from its
securityholders for the proposed business combination with Fancamp. Like our securityholders, I believe that the business
combination with Fancamp will unlock considerable value and establish a proven board and management team with high
governance standards and extensive mining industry experience.
We expect that the transaction with Fancamp will close this month, and that the resulting business combination will create
significant transformational value for both ScoZinc & Fancamp securityholders as we focus our teams and advance our
combined projects.”
The Extraordinary General Meeting (“EGM”) of shareholders occurred on April 12, 2021. The Arrangement required the
approval of : (a) 662/3% of ScoZinc’s shareholders (“Shareholder Approval”); (b) 662/3% of ScoZinc’s shareholders,
warrantholders, optionholders and RSUholders voting as a single class (“ Securityholder Approval”); and (c) approval
by a simple majority of 50% plus one vote of ScoZinc’s sharehol ders, excluding shares held or controlled by Messrs.
Ashwath Mehra and Mark Haywood (“Majority of the Minority Approval”). The voting results are as follows:
Arrangement Approvals Votes
For
% Votes
For
Votes
Against
% Votes
Against
Result
Shareholder Approval 11,952,097 99.66% 40,212 0.34% Approved
Securityholder Approval 20,116,720 99.80% 40,212 0.20% Approved
Majority of the Minority Approval 15,744,192 99.75% 40,212 0.25% Approved
The Arrangement is expected to close in April 2021, subject to the satisfaction of customary closing conditions, including
receipt of the final court approval. Further information regarding the Arrangement is contained in ScoZinc’s Management
Information Circular dated March 15, 2021.
About ScoZinc Mining Ltd.
ScoZinc is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities
near Halifax, Nova Scotia. ScoZinc also holds several 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”.
NEWS RELEASE APRIL 12, 2021
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For more information, please contact:
Mark Haywood
President & Chief 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, B3J 3N2, Canada
Telephone
+1 (902) 482 4481
Facsimile
+1 (902) 422 2388
Email & Web
info
@
ScoZinc.com &
www.ScoZinc.com
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