InZinc Approves Advance Notice By Law
![InZinc Approves Advance Notice By Law](https://www.minenportal.de/media/goldseiten-news.jpg)
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.
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