6 September 2018
Canadian Zinc Corporation is pleased to announcethat the statutory Arrangement to reorganise the company structure, which was approved by the majority of the Company’s shareholders at the Annual General and Special Meeting held on June 27, 2018, has become effective today.
The Arrangement reorganises the company into a separate publicly-listed holding corporation, named NorZinc Ltd. (“NorZinc”), and a directly held, wholly-owned, operating subsidiary retaining the name Canadian Zinc Corporation. The change was undertaken to facilitate future project financing of the Prairie Creek Project. The Arrangement leaves all the Prairie Creek property, assets, agreements and permits in place in the wholly-owned subsidiary.
With the reorganisation completed, all the shares of Canadian Zinc will be exchanged for shares of NorZinc, on a one-for-one basis, with no impact on shareholder's ultimate economic interest. Shares of NorZinc will trade on the TSX under the symbol, “NZC” starting September 11, 2018.