InZinc Approves Advance Notice By Law
April 14 2014 - 8:15AM
Marketwired
InZinc Approves Advance Notice By Law
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2014) -
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.
InZinc Mining Ltd.C.F. StaargaardPresident and CEO(604)
687-7211InZinc Mining Ltd.Joyce MusialCorporate Communications(604)
317-2728joyce@inzincmining.comwww.inzincmining.com
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