VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 24, 2016) - InZinc Mining Ltd. (TSX VENTURE:IZN) ("InZinc" or the "Company") reports that it will file with the TSX Venture Exchange (the "Exchange") documents to effect an extension of the expiry date of up to 4,513,700 share purchase warrants (the "Warrants") originally issued in connection with two non-brokered private placements (the "Placements") that closed on August 29, 2014 (3,333,400 units) and September 30, 2014 (5,694,000 units). Each unit in both Placements consisted of one share and one half share purchase warrant. The original terms of the Placements specified that each Warrant was exercisable into one common share (a "Warrant Share") of the Company at a price of $0.30 per Warrant Share until August 29, 2016 and September 29, 2016, respectively. The Company wishes to extend the original expiry date of the Warrants for an additional 12 months as to 1,666,700 Warrants from August 29, 2016 to August 29, 2017 and 2,847,000 Warrants from September 29, 2016 to September 29, 2017, subject to Exchange acceptance. There are no other proposed changes to the terms of the Warrants.
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.
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.