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IZN InZinc Mining Ltd

0.03
0.00 (0.00%)
Last Updated: 14:30:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
InZinc Mining Ltd TSXV:IZN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.025 0.03 0.03 0.03 0.03 16,666 14:30:00

InZinc Approves Advance Notice By Law

14/04/2014 2:15pm

Marketwired Canada


InZinc Mining Ltd. (TSX VENTURE:IZN) (the "Company") announces board approval of
an amendment to its by-laws to include advance notice provisions, the purpose of
which is to require that advance notice be provided to the Company in
circumstances in which nominations of persons for election to the board of
directors of the Company are made by shareholders other than pursuant to the
requisition of a meeting or a shareholder proposal in accordance with the Canada
Business Corporations Act. 


The by-law amendment fixes a deadline by which shareholders must provide notice
to the Company of nominations for election to the board, and sets out the
information that a shareholder must include in the notice for it to be valid. In
the case of an annual meeting of shareholders, the notice must be delivered to
the Company no fewer than 30 days and no more than 65 days prior to the date of
the meeting (except that, if the meeting is called for a date that is fewer than
50 days after the first public filing or announcement of the date of the
meeting, the notice must be delivered no more than 10 days after the date of
that public filing or announcement). In the case of a special meeting of
shareholders (which is not also an annual meeting), the notice must be delivered
to the Company no more than 15 days after the date of the first public filing or
announcement of the date of the meeting. 


Chris Staargaard, President and Chief Executive Officer of the Company said,
"The approval of the advance notice by-law aims to ensure that an orderly
nomination process is observed, that shareholders are well-informed about
director nominees and that shareholders are able to vote in an informed manner
after having been afforded reasonable time for appropriate deliberation."


The by-law amendment is effective immediately. In accordance with the Canada
Business Corporations Act, the amendment will be submitted to the shareholders
for confirmation at the Company's next shareholder meeting. The amendment,
containing the full details of the advance notice provisions, is being filed
under the Company's profile on SEDAR at www.sedar.com and will be available upon
request by contacting the Company.


About InZinc Mining 

InZinc Mining Ltd. is focussed on advancing its 100% owned West Desert
zinc-copper-iron project in western Utah towards mid-tier production levels. An
independent Preliminary Economic Assessment (PEA) was announced on April 1,
2014. The PEA concludes that conventional mining and processing of the West
Desert resources into three concentrates (zinc, copper and iron) will provide
strong potential cash-flow and a corresponding high rate of return (see
NR14-02). From clean, high-quality concentrates, West Desert has the potential
to produce 1.6 billion pounds of payable zinc and 146 million pounds of payable
copper at low cost, mid-tier production levels over a mine life of approximately
15 years. Over the same period, the PEA also concludes that approximately 15
million tonnes of high quality, iron (magnetite) concentrates suitable for
domestic or off-shore markets can be produced as a potential high-value
co-product at low costs. 


West Desert benefits from existing all-weather road access, on-site grid power,
proximal natural gas and is located 55 miles (90km) from multiple
transcontinental rail networks servicing 16 western US ports and accessing all
major North American markets. In addition, the West Desert Project also benefits
from large and potentially expandable resources. 


Chris Staargaard, P.Geo., a Qualified Person as defined in NI43-101, has
approved the technical content of this news release.


InZinc Mining Ltd.

Chris Staargaard, President and CEO

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. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate, intend,
estimate, 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, 2012 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
InZinc Mining Ltd.
C.F. Staargaard
President and CEO
(604) 687-7211


InZinc Mining Ltd.
Joyce Musial
Corporate Communications
(604) 317-2728
joyce@inzincmining.com
www.inzincmining.com

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