Messina Minerals Inc. Announces Update on Agreement with Canadian Zinc
Published : October 22, 2013
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Keywords :   Canada | Copper | Gold | Lead | Market | Silver | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 21, 2013) - Messina Minerals Inc. (News - Market indicators) ("Messina") announces an update on progress towards completion of a plan of arrangement (the "Arrangement") whereby Canadian Zinc Corporation ("Canadian Zinc") will acquire all of the outstanding shares of Messina in exchange for common shares of Canadian Zinc on the terms previously announced (see News Release September 12, 2013).

Messina and Canadian Zinc have now entered into a definitive Arrangement Agreement dated October 21, 2013. The date for Messina's Special Meeting allowing Messina shareholders to vote on the Arrangement has now been scheduled for December 16, 2013 to be held at Messina's offices in Vancouver. Full details of the meeting and the Arrangement will be included in the notice of meeting and information circular, which are expected to be sent to shareholders and filed on SEDAR in mid-November. Completion of the Arrangement is subject to approval by Messina shareholders, regulatory and court approvals, and other customary closing conditions.

The Messina Board of Directors has determined that the Arrangement is in the best interest of Messina and is fair to the Messina shareholders, and intends to recommend in the information circular that Messina shareholders vote in favour of the Arrangement. The Board's determinations are based, among other things, on the advice of a chartered business valuator, which has provided an opinion that the Arrangement is fair, from a financial point of view, to the securityholders of Messina. Details of such fairness opinion will also be included in the information circular.

About Messina Minerals Inc.

Messina Minerals Inc. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "MMI". The Company has completed NI 43-101 technical reports for zinc-lead-copper-silver-gold mineral resources at "Boomerang", "Domino", and "Main Zone" located in central Newfoundland, Canada.

On Behalf of the Board,

Messina Minerals Inc.

Peter Tallman, President, Director

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.



Messina Minerals Inc.
Peter Tallman
President
(604) 688-1508
(604) 629-7971 (FAX)
info@messinaminerals.com
www.messinaminerals.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Messina Minerals Inc.

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CODE : MMI.V
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Messina Min. is a zinc and lead exploration company based in Canada.

Messina Min. holds various exploration projects in Canada.

Its main exploration properties are PUKASKA, LONG LAKE, HAVEN STEADY PROPERTY, COSTIGAN LAKE PROJECT, VICTORIA RIVER PROJECT, BOBBY'S POND PROJECT, HEALY BAY, TOPSAILS PROJECT, DANIELS HARBOUR, SUTHERLANDS POND, HUNGRY HILL, YORK HARBOUR, TULKS SOUTH - HURRICANE, TULK SOUTH - DOMINO, TULK EAST B ZONE, TULK SOUTH BOOMERANG, TULK EAST A ZONE, TULK LONG LAKE MAIN ZONE, SKIDDER, JAMES BAY LOWLANDS CLAIMS and PUKASKWA in Canada.

Messina Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 754 980 as of today (US$ 709 455, € 518 966).

Its stock quote reached its highest recent level on December 30, 2005 at CA$ 4.13, and its lowest recent point on February 01, 2013 at CA$ 0.01.

Messina Min. has 12 583 000 shares outstanding.

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Annual reports of Messina Minerals Inc.
Annual Report 2007
Financings of Messina Minerals Inc.
10/15/2009Closing of Private Placement
9/25/2009Announces Private Placement
6/8/2009Closing of Private Placement
9/28/2007Closes $7 Million Private Placement
9/20/2007 Announces $7 Million Private Placement
Project news of Messina Minerals Inc.
12/20/2013Canadian Zinc Completes Messina Minerals Inc. Acquisition
4/17/2012(Long Lake)Announces Filing of NI 43-101 Technical Report for the Long ...
3/13/2012(Long Lake)Announces Initial Zinc Resource Estimate at the Long Lake Ma...
1/9/2012Drilling Update at Brook Zone, Victoria Property
12/16/2011Commences Drilling at Brook Zone, Victoria Property
10/24/2011Commissions NI43-101 Resource Estimate on Main Zone, Centra...
11/4/2009(Tulk South Boomerang)Identifies New Targets at Boomerang
11/2/2009(Daniels Harbour)Acquires New Zinc Property at Daniels Harbour NL
10/20/2009(Daniels Harbour)Grab Sample Results from Daniels Harbour NL
8/10/2009(Haven Steady Property)Prospecting Results at Haven Steady, NL
7/16/2009(York Harbour)Prospecting Results at York Harbour, NL
5/5/2008(Tulk South - Domino)Positive Geophysics Results at Boomerang
11/6/2007 Boomerang Area Exploration
11/1/2007 Intersects 10.1% Zinc, 2.3% Lead, 0.5% Copper over 3.6 m at...
10/22/2007 Intersects 10.8% Zinc, 1.3% Lead, 0.7% Copper over 3.92 m a...
9/10/2007Drilling Results at Long Lake East
9/6/2007Domino, Hurricane, and TouchDown Drilling Results
8/23/2007(Long Lake)Initial Drilling Results at Long Lake
8/8/2007Intersects 6.54 meters of 2.8% Copper, 2.4% Zinc at Skidder
7/12/2007Intersects 5.75 meters of 2.7% Copper, 0.9% Zinc at Skidder
6/13/2007Agrees to Acquire Victoria River Property from Altius Resour...
6/12/2007Infill Intersects Boomerang: 4.25 meters of 9.1% Zinc, 8.2% ...
5/29/2007 Infill Intersects Boomerang: 11.93 meters of 8.7% Zinc, 8.1...
5/8/2007Discovers New Massive Sulphide Zone at TouchDown
4/20/2007Intersects Boomerang: 6.8 meters of 18.0% Zinc, 4.4% Lead, 0...
Corporate news of Messina Minerals Inc.
12/17/2013Shareholders Approve Arrangement
10/22/2013Announces Update on Agreement with Canadian Zinc
9/12/2013CANADIAN ZINC AND MESSINA MINERALS ANNOUNCE AGREEMENT ON PRO...
2/19/2013Share Consolidation
1/24/2013Announces Share Consolidation; Adoption of Advance Notice Po...
2/21/2012Intersects 5.5% Copper over 4 meters at Brook Zone, Victori...
4/14/2011to Acquire New Victoria Copper Properties, Central Newfoundl...
5/21/2008Messina Minerals Begins Drilling near Boomerang
5/7/2008Launch New Website
2/29/2008Results of AGM
1/3/2008Drills 7.3 m of 16.9% Zinc, 2.8% Lead, 1.0% Copper at Long L...
11/21/2007Drills 15.7% Zinc, 2.7% Lead, 3.8% Copper over 2.1 m at Long...
11/19/2007 Retains Investor Relations Firm
10/30/2007 Discovers 12.3% Zinc, 0.9% Lead, 1.7% Copper over 5.35 m at...
10/4/2007Drilling Long Lake
10/3/2007 Drilling Tulks East
9/27/2007option to acquire an interest in Messina's Long Lake Reid Lo...
6/21/2007Reports Mineral Resources at Boomerang/Domino, Newfoundland
5/31/20072007 Exploration Program
4/5/2007Resource and Exploration Updates
3/15/2007Increases "Hurricane" Thickness: 15.3 meters of 13.0% Zinc, ...
2/24/2007welcomes Mr. Gordon Ulrich to theposition of DirectorCorpora...
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