InZinc Announces Voting Results from Annual Meeting of Shareholders
InZinc Announces Voting Results from Annual
Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) -
InZinc Mining Ltd. (TSXV: IZN)
("InZinc" or the "Company") announces that at the 2021 Annual Meeting of Shareholders (the "Meeting")
held on May 27, 2021, InZinc's shareholders voted in favour of all items of business, including approval of
the West Desert Option Agreement dated April 15, 2021.
A total of 52,413,271 common shares were represented at the Meeting, being 42.91% of the Company's
issued and outstanding shares.
The following is a tabulation of the votes submitted by proxy:
Directors
Votes For
% of Votes
Kerry M. Curtis
45,493,990
93.39%
Louis G. Montpellier
45,493,990
93.39%
Wayne Hubert
45,427,110
93.25%
John Murphy
45,143,990
92.67%
Auditors
Votes For
% of Votes
To appoint Davidson & Company
LLP as auditors of the Company
and to authorize the directors to
fix their remuneration.
52,413,271
100.00%
Stock Option Plan
Votes For
% of Votes
To re-approve the Company's
Incentive Stock Option Plan.
45,107,490
92.60%
West Desert Option
Agreement
Votes For
% of Votes
To approve the option agreement
dated as of April 15, 2021
between the Corporation, its
wholly-owned subsidiary, NPR
(US), Inc., American West Metals
Limited and West Desert Metals,
Inc.
45,486,990
93.38%
West Desert Option Agreement
InZinc entered into an option agreement dated April 15, 2021 (the "Option Agreement") with American
West Metals Limited ("American West"), a private Australian company, pursuant to which InZinc granted
to a wholly-owned subsidiary of American West an option ("Option") to earn a 100% interest in InZinc's
West Desert project ("West Desert") located in Utah, USA. The Option Agreement is subject to, among
other things, shareholder approval.
The TSX Venture Exchange granted conditional approval of the
option agreement subject to shareholder approval at an InZinc meeting of shareholders.
About InZinc
InZinc is focused on growth in zinc through exploration and expansion of the advanced stage West
Desert project (100%) in Utah and exploration of the early-stage Indy Sedex project (100% option) in
British Columbia. West Desert has a large underground resource open for expansion. The Indy Sedex
project comprises near surface discoveries, large untested exploration targets and regional discovery
potential. Indy is readily accessible by road from Prince George, the major hub for transportation and
heavy industry in central British Columbia and is located 85 kms south of the Canadian National Railway.
The West Desert option agreement (100% option to American West Metals, a private Australian
company) will provide InZinc continuing leverage as American West Metals advances the West Desert
project in Utah to prefeasibility.
In addition to receiving significant staged cash payments and
shareholdings in American West Metals over the next 24 months, InZinc will receive 50% of the revenue
from the sale of indium mined from West Desert on a Net Smelter Return basis upon exercise of the
Option.
InZinc Mining Ltd.
"Wayne Hubert"
CEO and Director
Phone: 604.687.7211
Website:
www.inzincmining.com
For further information contact:
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email:
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable securities legislation. All statements,
other than statements of historical fact, included herein are forward-looking statements. Although the
Company believes that such statements are reasonable, it can give no assurance that such expectations
will prove to be correct. Forward-looking statements are typically identified by words such as: "believe",
"expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar expressions, or are
those, which, by their nature, refer to future events. The Company cautions investors that any forward-
looking statements by the Company are not guarantees of future results, performance, or actions and
that actual results and actions may differ materially from those in forward-looking statements as a result
of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's
Management Discussion and Analysis for the year ended December 31, 2020 and for the three-months
ended March 31, 2021 filed with certain securities commissions in Canada and other information
released by the Company and filed with the appropriate regulatory agencies. All of the Company's
Canadian public disclosure filings may be accessed via
www.sedar.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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/85598