Acquisition of Yukon Zinc Corporation by Jinduicheng Molybdenum Group, Ltd. and Northwest Nonferrous International Investment Co
2008年6月27日 - 3:30AM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Yukon Zinc") is pleased to
announce that the acquisition of Yukon Zinc by Jinduicheng
Molybdenum Group Ltd. and Northwest Nonferrous International
Investment Company Limited (the "Investors") by way of a plan of
arrangement (the "Arrangement") under the Business Corporations Act
(British Columbia) has been approved by Yukon Zinc's shareholders
and the Supreme Court of British Columbia. Yukon Zinc expects the
Arrangement to be effective on or about July 2, 2008.
The Investors have received all necessary approvals from
authorities in the People's Republic of China in respect of the
Arrangement. The Investors have also received an Advance Ruling
Certificate from the Canadian Competition Bureau in respect of the
Arrangement. Given receipt of these approvals, the Arrangement is
not subject to any further regulatory approvals. Trading in the
shares of Yukon Zinc on the TSX Venture Exchange will be halted at
the close on June 26, 2008 pending the closing of the Arrangement,
which is expected to be on or about July 2, 2008.
The Investors will acquire Yukon Zinc through their wholly-owned
subsidiary Jinduicheng Xise (Canada) Co., Ltd., which recently
changed its corporate name from YZC Acquisition Corp.
About Yukon Zinc
Yukon Zinc is a TSX Venture Exchange listed company based in
Vancouver. It is focused on development of its silver-rich
Wolverine Project in southeast Yukon and its large exploration land
holdings in the Finlayson and Rancheria Districts. A bankable
feasibility study was completed for the Wolverine Project by
Wardrop Engineering in January 2007 indicating favourable project
economics. The Project has all of its main development permits and
enjoys strong support from the Yukon Government and its local First
Nations communities.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements which are, or may be
deemed to be, "forward looking statements", which are prospective
in nature. Forward-looking statements are not based on historical
facts, but rather on current expectations and projections about
future events, and are therefore subject to risks and uncertainties
which could cause actual results to differ materially from the
future results expressed or implied by the forward-looking
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations.
Readers are cautioned not to put undue reliance on forward-looking
statements.
12G: 82-4603
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy of this news release.
Contacts: Yukon Zinc Corporation Dr. Harlan Meade President and
CEO (604) 682-5474 or Toll Free: 1-877-682-5474 Yukon Zinc
Corporation Shae Dalphond Manager, Investor Communications (604)
682-5474 or Toll Free: 1-877-682-5474 (604) 682-5404 (FAX) Email:
info@yukonzinc.com Website: www.yukonzinc.com
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