Zinc One Resources Announces Annual General Results and Grants Stock Options
TSX VENTURE: Z
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2019) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") is pleased to announce the results of voting at its annual general meeting ("AGM") of shareholders which was held on March 13, 2019, in Vancouver, British Columbia.
Shareholders at the AGM approved all matters including the appointment of the four incumbent directors, being Dr. William C. Williams, Barry Girling, Greg Crowe and Gunther Roehlig, for the ensuing year, the re-appointment of Charlton & Co. LLP as auditors of the Company and the renewal of the Company's 10% rolling stock option plan.
The Company also announces that it has granted a total of 4,950,000 stock options to directors, officers, employees and consultants. The options have a 5-year term and are exercisable at a price of $0.10 per option.
About Zinc One Resources Inc.
Zinc One's key assets are the Bongará Zinc Mine Project and the Charlotte-Bongará Zinc Project in north-central Peru. The Bongará Zinc Mine Project was in production from 2007 to 2008 but was closed due to the Global Financial Crisis and the concurrent decrease in the zinc price. Past production included >20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte-Bongará and Cristal Project areas, which are over six kilometres to the north-northwest and where past drilling also intercepted various near-surface zones with high-grade zinc as well.
Additional InformationGunther Roehlig
Zinc One Resources Inc.
Phone: (604) 683-0911
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One's limited operating history, its proposed exploration and development activities on the Bongará Zinc Oxide Mine Project and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.