The Company currently has an aggregate of 210,449,943 common shares issued and outstanding. If the share consolidation were undertaken at the maximum ratio of 6 to 1, the issued and outstanding common shares would be reduced to approximately 35,073,991. The Company does not intend to change its name in conjunction with the share consolidation.
If the consolidation is approved, the Board of Directors will have the authority to implement the consolidation at the ratio of up to 6 to 1 at any time and will be permitted, without further shareholder approval, to select a lower consolidation ratio if they deem it to be appropriate and more advantageous to shareholders. Currently, the Board of Directors intends to implement the consolidation as soon as practicable following the approval of the consolidation by the shareholders and the TSX. Notwithstanding approval of the consolidation by the shareholders, Zincore's directors, in their sole discretion, may abandon the consolidation without further approval, action by, or prior notice to shareholders.
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 completion of a Pre-Feasibility Study on the Accha Zinc Oxide District, the release of further exploration results on the Dolores Project, the possibility of the conversion of the US$2 million loan into common shares of the Company by First Quantum Minerals Ltd. and the ability of the Company to successfully raise funds following the proposed share consolidation. 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 22, 2013 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.
Zincore Metals Inc.
Manager, Investor Relations
(604) 669-6611 ext. 3
(604) 669-6616 (FAX)
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