VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 22, 2016) – InZinc Mining Ltd. (TSX VENTURE:IZN) (“InZinc” or the “Company”) is pleased to announce the appointment of Mr. John Murphy to the Board of Directors of the Company effective June 21, 2016. Mr. Murphy has over 25 years of investment banking experience in the mining sector. He recently …
Mr. Murphy has over 25 years of investment banking experience in the mining sector. He recently retired as Managing Director of Investment Banking and Co-Head Mining and Metals at Raymond James Ltd. after 21 years with the firm. Prior to joining Raymond James, Mr. Murphy worked for more than six years at Swiss Bank Corporation (now UBS) in its corporate lending, restructuring and risk advisory activities. Mr. Murphy is currently a Director of Anfield Gold Corp and was a Director of Claude Resources prior to its recent acquisition by Silver Standard Resources. He has a degree in economics from the University of British Columbia and is a Chartered Financial Analyst.
“I am delighted to have Mr. Murphy join the Board of InZinc Mining,” stated Kerry Curtis, Chairman and Interim CEO of InZinc. “John brings a wealth of knowledge in corporate finance transactions and M&A activities. His reputation, broad skill set and extensive capital markets experience in the mining industry will serve the Company well as we focus on growth opportunities and building shareholder value.”
Issuance of Stock Options
InZinc announces the grant of stock options to purchase a total of 500,000 common shares of the Company for a period of five (5) years at an exercise price of $0.11 per share effective June 21, 2016. These stock options will vest as to 50% immediately and 50% on June 21, 2017.
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.
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.
Chairman and Interim Chief Executive Officer
(604) 687-7211InZinc Mining Ltd.