The following is a company news release issued by Canada Zinc Metals Corp. (TSX.V: CZX; Frankfurt: A0F7E1). Please visit our website for additional information at www.canadazincmetals.com.
Should you have any questions or comments, please contact us at (604) 684-2181 or by email at info@canadazincmetals.com.
Regards,
Corporate Communications
CANADA ZINC METALS CORP.
FOR IMMEDIATE RELEASE
Phone (604) 684-2181
info@canadazincmetals.com
Canada Zinc Metals Corp. Announces Annual General Meeting of Shareholders
Vancouver, B.C. � December 5, 2008 � Canada Zinc Metals Corp. (TSX Venture: CZX; Frankfurt: A0F7E1) (�Canada Zinc� or the �Company) confirms that its Annual General Meeting of Shareholders (�AGM�) will be held at its offices, Suite 1304, 925 West Georgia Street, Vancouver, British Columbia, on Tuesday, December 9, 2008, at 10:00a.m., Pacific Time.
Among other items, shareholders will be asked to approve, confirm and ratify the Shareholders� Rights Plan (the �Rights Plan�), as described in the Company�s Information Circular prepared for the AGM. The Rights Plan is designed to ensure the fair and equal treatment of shareholders in connection with any takeover bid for outstanding common shares of Canada Zinc Metals. The Rights Plan seeks to provide shareholders with adequate time to properly assess a takeover bid without undue pressure. It also provides the board with adequate time to fully assess an unsolicited takeover bid, to allow competing bids to emerge, and, if applicable, to explore other alternatives to the takeover bid to maximize shareholder value
Separately, the Company announces that its directors and officers have voluntarily surrendered a total of 3,040,000 previously granted stock options. The Company currently has 76,968,914 shares issued and outstanding and on a fully diluted basis, the number has been reduced to 87,211,914.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
�PEEYUSH VARSHNEY�
pEEYUSH vARSHNEY, LL.B
CEO & CHAIRMAN
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Canada Zinc Metals Corp
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EXPLORATION STAGE |
CODE : CZX.V |
ISIN : CA5646131071 |
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Canada Zinc is a zinc exploration company based in Canada. Its main exploration properties are KECHIKA and AKIE (CARDIAC CREEK) in Canada. Canada Zinc is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 49.6 millions as of today (US$ 38.5 millions, € 32.2 millions). Its stock quote reached its highest recent level on January 14, 2011 at CA$ 0.83, and its lowest recent point on April 15, 2016 at CA$ 0.10. Canada Zinc has 159 930 000 shares outstanding. |