InZinc Announces Voting Results from Annual Meeting of Shareholders

Rhea-AI Summary

InZinc Mining announced the voting results from its 2024 Annual General Meeting of Shareholders, held on May 31, 2024. Shareholders approved all business items presented. A total of 41,180,020 common shares were represented, accounting for 33.37% of the total issued and outstanding shares. Key resolutions included the election of directors Kerry M. Curtis, Louis G. Montpellier, and Wayne Hubert, who received 86.18%, 86.18%, and 97.66% of the votes, respectively. Davidson & Company LLP was reappointed as auditors with 99.61% support. The company's Incentive Stock Option Plan was re-approved with 96.39% of votes. Additionally, InZinc granted stock options to directors, officers, and consultants for 1,350,000 common shares at an exercise price of $0.05 per share, effective June 7, 2024, with a vesting period over the next 12 months.

Positive

• All business items were approved by shareholders.
• 33.37% of the total issued and outstanding shares were represented at the meeting.
• Directors Kerry M. Curtis and Louis G. Montpellier received 86.18% of votes each.
• Director Wayne Hubert received 97.66% of votes.
• Davidson & Company LLP was reappointed as auditors with 99.61% support.
• The company's Incentive Stock Option Plan was re-approved with 96.39% votes.
• 1,350,000 stock options were granted to directors, officers, and consultants at an exercise price of $0.05 per share.

Negative

• Only 33.37% of the total issued and outstanding shares were represented at the meeting, which may indicate lower shareholder engagement.

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") announces that at the 2024 Annual General Meeting of Shareholders (the "Meeting") held on May 31, 2024, InZinc's shareholders voted in favour of all items of business.

A total of 41,180,020 common shares were represented at the Meeting, being 33.37% of the Company's issued and outstanding shares. The following is a tabulation of the votes submitted by proxy:

Directors	Votes For	% of Votes
Kerry M. Curtis	30,031,834	86.18%
Louis G. Montpellier	30,031,834	86.18%
Wayne Hubert	34,031,834	97.66%

 

Auditors	Votes For	% of Votes
To appoint Davidson & Company LLP as auditors of the Company and to authorize the directors to fix their remuneration.	41,019,093	99.61%

 

Stock Option Plan	Votes For	% of Votes
To re-approve the Company's Incentive Stock Option Plan.	33,589,334	96.39%

 

Grant of Stock Options

InZinc announces the grant of incentive stock options to certain directors, officers and consultants to purchase a total of 1,350,000 common shares of the Company for a period of five (5) years at an exercise price of $0.05 per share effective June 7, 2024. These stock options will vest over the next 12 months.

About InZinc

InZinc is an active explorer and, through its Indy project, equity investment and royalty interests, is exposed to a diverse portfolio of active North American base metals and precious metals projects. The Company has discovered and continues to explore for expansion of near surface zinc mineralization at the easily accessible Indy project located in a new and under-explored mineral region of central British Columbia, Canada. A Canadian subsidiary of South32 (ASX, LSE, JSE) became a major tenure holder in the belt by staking approximately 200 km² of adjacent claims in late 2021. InZinc has a significant equity investment in American West Metals (ASX) which is advancing multiple North American base metals projects. In addition, InZinc has a production royalty and will receive 50% of the revenue (NSR) from the sale of indium mined from American West's West Desert project.

InZinc Mining Ltd.

Wayne Hubert
___________

Chief Executive Officer
Phone: 604.687.7211
Website: www.inzincmining.com 

For further information contact :
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Forward-Looking statements, include but are not limited to, statements that address activities, events of developments that the Company expects or anticipates will or may occur in the future. Forward-Looking statements are typically identified by words such as: believe, expect, anticipates, intends, estimates, plans, postulate, indicate and similar expressions, or are those, which, by their nature, refer to future events. Although InZinc believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. The Company cautions investors that any forward-looking statements are not guarantees of future results, performance or actions, and that actual results or 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's Discussion and Analysis for the year ended December 31, 2023 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Inzinc disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.com.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212256

FAQ

What were the voting results for the directors at InZinc's 2024 Annual General Meeting?

Kerry M. Curtis and Louis G. Montpellier both received 86.18% of votes, while Wayne Hubert received 97.66% of votes.

How many shares were represented at InZinc's 2024 Annual General Meeting?

41,180,020 common shares, representing 33.37% of the company's issued and outstanding shares.

What was the approval rate for the reappointment of InZinc's auditors?

Davidson & Company LLP was reappointed with 99.61% of the votes.

What approval rate did the Incentive Stock Option Plan receive at InZinc's 2024 Annual General Meeting?

The Incentive Stock Option Plan was re-approved with 96.39% of the votes.

How many stock options did InZinc grant and at what exercise price?

InZinc granted 1,350,000 stock options at an exercise price of $0.05 per share.