NorZinc announces shareholder approval of previously announced RCF Royalty
19 November 2019
NorZinc Ltd. the Company is pleased to report the voting results of a Special Meeting of Shareholders held on November 18, 2019. As explained in the Company's news release dated September 30, 2019 and more particularly described in the Information Circular dated as of October 9, 2019, the Meeting was called for the purpose of obtaining majority disinterested shareholder approval of the proposed sale to RCF VI CAD LLC (“RCF”) of a 1% net smelter return royalty (the “Royalty”) for a purchase price of C$8 million.
A total of 177,817,676 common shares were voted at the Meeting, including 26,187,676 held by disinterested shareholders. Approximately 97% of disinterested shareholders who voted, voted in favour of a resolution authorizing and approving the sale and issuance of the Royalty substantially on the terms and conditions set forth in the royalty agreement attached to the Information Circular dated as of October 9, 2019.