IZN News 2017-9 1.604.687.7211
Page 1 of 2
IZN News 2017-9
1.604.687.7211
inzincmining.com
TSX-V: IZN
InZinc Mining Ltd.
912 – 1112 West Pender Street
P.O. Box 48268, Station Bentall Centre
Vancouver, BC Canada V7X 1A2
December 15, 2017 News Release 2017-9
InZinc Announces First Tranche Closing of Private Placement
for Gross Proceeds of $3.14 Million
(all dollars in Canadian Dollars)
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
InZinc Mining Ltd. (TSXV: IZN) (the “Company”) is pleased to announce that the Company has completed the first
tranche closing (the “ First Closing ”) of its non-brokered private placement for gross proceeds of $3,148,000. The
offering, previously announced in InZinc’s news releases dated November 17, 2017 and November 23, 2017, will now
consist of up to 36,450,000 units (the “Units”) at a price of $0.10 per Unit, each Unit consisting of one common share
(a “Common Share”) of the Company and one -half of one common share purchase warrant (a “ Warrant”). Each full
Warrant will entitle its holder to acquire one Common Share at an exercise pri ce of $0.15 for a period of 24 months
from completion of the Financing. Under the First Closing, InZinc issued 31,480,000 Units. The Company paid finder’s
fees in cash of $145,210 and issued common share purchase warrants (“ Finder’s Warrants ”) to purchase up to
1,437,100 Common Shares, such Finder’s Warrants having the same terms as the Warrants.
Insiders, each being a "related party" of the Company (as such term is defined under Multilateral Instrument 61 -101 -
Protection of Minority Security Holders in Special Transactions ("MI 61-101")), have subscribed for a total of 2,000,000
Units, as follows: Wayne M. Hubert (Chief Executive Officer and a director of the Company), for 750,000 Units; Louis
Montpellier (a director of the Company), for 500,000 Units; and John Murphy (a director of the Company), for 750,000
Units. The Company relied upon exemptions from the valuation and minority shareholder approval requirements of MI
61-101 available pursuant to sections 5.5(b) and 5.7(1)( a) of MI 61 -101, as the Company is not listed on a senior
specified stock exchange and the fair market value of the participation in the Private Placement by insiders will not
exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
All securities issued under the Private Placement are subject to a four month hold period expiring on April 15, 2018.
The second closing of the Financing is expected to occur on or around December 20, 2017 and is subject to all
regulatory approvals, inc luding the approval of the TSX Venture Exchange. The securities issued in connection with
the Financing will be subject to a four -month hold period from the date of closing in accordance with applicable
securities legislation.
The net proceeds from the Fin ancing will be used for advancement of the Company’s exploration projects and for
general corporate purposes.
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 project (100% option) in British Columbia. West Desert has a
large underground resource open for expansion and has district scale exploration potential. A West Desert preliminary
economic assessment completed in 2014 for ecasted 1.6 billion pounds of zinc production over 15 years. I ndy
comprises both near surface exploration targets and regional discovery potential . Both zinc projects are well located
with easy access and existing infrastructure.
Page 2 of 2
IZN News 2017-9
1.604.687.7211
inzincmining.com
TSX-V: IZN
InZinc Mining Ltd.
912 – 1112 West Pender Street
P.O. Box 48268, Station Bentall Centre
Vancouver, BC Canada V7X 1A2
InZinc Mining Ltd.
"Wayne Hubert”
___________________
Wayne Hubert For further information contact:
CEO and Director Joyce Musial
Phone: 604.687.7211 Vice President, Corporate Affairs
Phone: 604.317.2728
Website: www.inzincmining.com Email: [email protected]
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 Canadian and US securities legislation. All statements, other than statements of historical fact,
included herein including, without limitation, statements regarding the Company’s next shareholder meeting. Although the Company
believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forwa rd-
looking statements are typically identified by word s 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 an y
forward-looking statements by the Company are n ot 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 disclos ed in the Company’s Management Discussion and Analysis for the year ended December
31, 2016 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 and
readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
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.