InZinc Announces Approval of Warrant Extension
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - InZinc Mining Ltd. (TSX VENTURE:IZN) ("InZinc" or the "Company") announces that on August 25, 2016 it received approval from the TSX Venture Exchange to extend the exercise period of an aggregate of 4,513,700 outstanding common share purchase warrants that were issued in two separate non-brokered private placements in 2014. The exercise period of 1,666,700 outstanding share purchase warrants, which were issued August 29, 2014 and due to expire August 29, 2016, has been extended for a period of 12 months until August 29, 2017. The exercise period of 2,847,000 outstanding share purchase warrant, which were issued September 29, 2014 and due to expire September 29, 2016, has been extended for a period of 12 months until September 29, 2017. The exercise price of $0.30 remains unchanged for both exercise period extensions. A Notice to Warrantholders of New Expiry Date will be sent to warrantholders of the two private placements.
About InZinc Mining Ltd.
InZinc owns a 100% interest in the West Desert zinc-copper-iron project located in western Utah. West Desert hosts a large and potentially expandable resource and benefits from all-weather road access, on-site grid power and proximity to natural gas transmission. It is located 90 kilometres (55 miles) from multiple transcontinental rail networks accessing all major North American markets and servicing a variety of western US ports. For more information please visit our website at www.inzincmining.com.
InZinc Mining Ltd.
Kerry Curtis
Chairman and Interim Chief Executive Officer
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, 2015 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.
Kerry M. Curtis, P.Geo. a Qualified Person as defined in NI43-101, has approved the technical content of this news release.
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
Kerry Curtis
Chairman and Interim Chief Executive Officer
(604) 687-7211
Joyce Musial
Corporate Communications
(604) 317-2728
joyce@inzincmining.com
www.inzincmining.com
