Full Metal Zinc Announces Results from Annual General Meeting; Management Changes; Amendment to Previously Announced Financing
December 18 2013 - 1:47PM
Marketwired
Full Metal Zinc Announces Results from Annual General Meeting;
Management Changes; Amendment to Previously Announced Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 18, 2013) - Full
Metal Zinc Ltd. (the "Company") (TSX-VENTURE:FZ) is pleased to
report that at its Annual General Meeting, held on December 12th,
2013 in Vancouver, British Columbia, Adrian Fleming, Michael
Williams, Al Paterson and Cale Moodie were re-elected to the Board
of Directors. In addition, Doug Ramshaw and Sergio Covarrubias were
elected to the Board.
Aaron Keay and Rob McLeod did not stand for re-election to make
way for the new appointments. The Board would like to extend its
thanks to both Mr. McLeod and Mr. Keay for their service to the
Company over the past two years.
As part of the Company's reorganization of management, Doug
Ramshaw was appointed as President and Chief Executive Officer
while Michael Williams, who had been acting in the capacity of
interim President and Chief Executive Officer will serve as
Executive Chairman. Mr. Ramshaw, a former mining analyst, is a
mining geologist who graduated in 1992 from the Royal School of
Mines, London and has been involved in raising over $100 million in
equity financings for the mining industry during his 20-year
career.
In addition, shareholders approved both the appointment of KPMG
LLP as auditors for the coming year as well as the Company's stock
option plan.
The Company is in the process of concluding a name change to
more accurately reflect its new direction as it proceeds with its
planned acquisition of the San Andres silver project in Mexico (see
Press Release #2 dated August 29th, 2013).
The Company has also sought and received exchange approval for
the terms of the financing announced on August 29th to be amended.
The financing has been increased to a maximum of $1.15 million
(previously $1 million) and the unit has been changed to include a
full common share purchase warrant instead of the half-warrant, as
previously announced. The unit price and warrant exercise price
remain unchanged. The San Andres acquisition and associated
financing are both anticipated to close in January 2014.
ON BEHALF OF THE BOARD OF DIRECTORS
Doug Ramshaw, President & CEO
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs.
Full Metal Zinc Ltd.Doug RamshawPresident &
CEO604-484-7855dr@fullmetalzinc.com
(TSXV:FZ)
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