VANCOUVER, April 24, 2015 /CNW/ - On April 17, 2015, the Supreme Court of British Columbia (the "Court") made an
Order authorizing Yukon Zinc and PricewaterhouseCoopers Inc., in
its capacity as Court-appointed monitor of Yukon Zinc (the
"Monitor"), to carry out a sale and investment solicitation
process (the "Solicitation Process") and actively seek
offers for an investment in the Company, or for the purchase of the
Company's assets or business. PricewaterhouseCoopers Corporate
Finance Inc. (the "Financial Advisor") has also been
appointed by the Court to assist the Monitor and the Company in the
Solicitation Process.
The Company is pleased to report that the Solicitation Process
has commenced and that the Company, the Monitor and the Financial
Advisor have already had discussions with several potential
investors and purchasers. Yukon Zinc will work diligently
throughout the Solicitation Process with the Monitor, the Financial
Advisor, the Yukon government and
all other stakeholders with the intention of identifying an
investor or purchaser that will preserve the Company's mining
assets and, in due course, recommence mining activities at the
Wolverine Mine.
The Solicitation Process allows interested parties to gain
access to information about Yukon Zinc and its mining assets. The
process is set to conclude at 7:00
p.m. on June 8, 2015, with all
offers due by that date. The Monitor and the Company will be
reporting to the Court as to the outcome of the Solicitation
Process at the next hearing, which is scheduled for June 12, 2015.
Anyone seeking additional information about the Solicitation
Process is invited to email the Financial Advisor at
yzc.project.base@ca.pwc.com.
Further information can also be found at
www.pwc.com/car-yukonzinc.
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SOURCE PricewaterhouseCoopers (PwC Management Services LLP)