Messina Shareholders Approve Arrangement
December 16 2013 - 6:12PM
Marketwired
Messina Shareholders Approve Arrangement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 16, 2013) -
Messina Minerals Inc. (TSX-VENTURE:MMI) ("Messina" or the
"Company") is pleased to announce that at the special meeting of
shareholders held today in Vancouver, B.C., the shareholders of
Messina approved the Company's previously announced statutory
arrangement (the "Arrangement") pursuant to which all of the
Company's shares will be acquired by Canadian Zinc Corporation
("Canadian Zinc") in exchange for shares of Canadian Zinc.
In accordance with the recommendation of the Company's Board of
Directors, the Arrangement was approved by 99.86% of the votes cast
by Messina's shareholders. The Arrangement was also approved by
99.75% of the votes cast by minority shareholders, after excluding
the shares held by Canadian Zinc in accordance with Multilateral
Instrument 61-101, Protection of Minority Security Holders in
Special Transactions.
Following the issuance of the final order by the Supreme Court
of British Columbia and the closing of the Arrangement, Canadian
Zinc will acquire all of the issued and outstanding common shares
of Messina that it does not already own. Shareholders of Messina
(other than Canadian Zinc) will receive one share of Canadian Zinc
for each 5.9 shares of Messina held.
Completion of the Arrangement is subject to final court approval
at a hearing scheduled for tomorrow, December 17, 2013. Closing of
the Arrangement is expected to occur on December 20, 2013.
On Behalf of the Board,
Messina Minerals Inc.
Peter Tallman, President, Director
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.
Messina Minerals Inc.Peter TallmanPresident(604) 688-1508(604)
629-7971info@messinaminerals.comwww.messinaminerals.com
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