Zincore Announces Notification of TSX Continued Listing Review
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 2, 2015) - Zincore Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore", the "Company") reports that it has received notice from the Toronto Stock Exchange ("TSX") that the TSX is reviewing the Company's common shares with respect to meeting continued listing requirements.
Zincore CEO and President, Jorge Benavides stated, "We have every intention of continuing to be a publicly traded company. To that end, we are diligently working to re-gain compliance with the TSX continued listing requirements. At the same time, we are also investigating the Company's qualifications to list its shares for trading on other public exchanges to ensure, to the extent possible, uninterrupted trading in the Company's shares.
The Company has been granted 60 days in which to regain compliance with these requirements, pursuant to the TSX's Remedial Review Process. There can be no assurance that the Company will be able to achieve compliance with the TSX's continued listing requirements within the required time frame or that it will secure an alternative listing.
About Zincore
Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in Peru. The Company's common shares trade on both the Toronto and Lima Stock Exchanges under the symbol ZNC. For more information, please see our website at www.zincoremetals.com
Forward-looking Statements: Certain statements contained in this press release constitute forward-looking information with the meaning of applicable securities laws. These statements relate to future events or the Company's future performance, business prospects or opportunities. Forward-looking information includes, but is not limited to, statements with respect to the Company's copper exploration activities and a potential joint venture with First Quantum for copper targets within the Reconnaissance Properties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions) are not statements of historical fact and may be forward looking information. The Company believes that the expectations reflected in such forward looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. These statements speak only as of the date of this press release. The Company does not intend, and does not assume any obligation, to update any forward-looking information except as required by law. Forward looking information involves risks and uncertainties which may cause actual results to be materially different from those expressed or implied by such forward looking information. Such risk and uncertainties relate to, among other things, results of exploration and development activities, the Company's historical experience with development-stage mining operations, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices, actual operating and financial performance of facilities, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations, as well as those factors discussed in the section entitled "Risk Factors" and elsewhere in the Annual Information Form of Zincore dated March 18, 2014 which is filed with Canadian securities regulatory authorities and available on SEDAR (www.sedar.com). Such information contained herein represents management's best judgment as of the date hereof based on information currently available.
Contact
Zincore Metals Inc.
Adam Ho
VP, Corporate Development
(604) 669-6611 ext. 3
aho@zincoremetals.com
www.zincoremetals.com