TORONTO, June 5, 2019 /CNW/ - Adventus Zinc Corporation ("Adventus" or the "Company") (TSX-V: ADZN; OTCQX: ADVZF) is pleased to announce that subject to receipt of final acceptance from the TSX Venture Exchange, it will change its name to Adventus Mining Corporation ("Adventus Mining") with effect in approximately five business days. Shareholders approved a special resolution to change the Company's name at the Company's Annual and Special Meeting of Shareholders ("AGM") held on June 5, 2019.
The change of name to Adventus Mining Corporation marks the evolution from a zinc-related exploration vehicle to a multi-asset copper company focused on growth in Ecuador. The trading symbols will remain "ADZN" on the TSX-V and "ADVZF" on the OTCQX.
Election of Directors & Board Matters
The Company is pleased to announce that the nominees listed below were re-elected as directors of Adventus at the AGM earlier today.
In addition, the following matters were approved by shareholders at the AGM:
Appointment of Deloitte LLP as auditor of the Corporation, and;
New Share Compensation Plan, which is a 10% "rolling" plan with restricted share units ("RSUs") and stock options ("Options").
Ireland Transaction Update
Adventus continues to work with BMEx Limited of Australia and regulatory authorities in the Republic of Ireland to finalize the previously announced transaction for several exploration projects in Ireland – see the Company's February 7, 2019 news release. The parties aim to complete the transaction during the second quarter of 2019.
Adventus is a well-financed exploration and project development company, focused in Ecuador. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Resource Capital Funds, Wheaton Precious Metals Corp and the Nobis Group of Ecuador. The focus of Adventus is the advancement of the Curipamba copper-gold-zinc project in Ecuador as part of an earn-in agreement to obtain a 75% ownership interest. In addition, Adventus is engaged in a country-wide exploration alliance with its partners in Ecuador, incorporating the Pijili and Santiago projects to date. Adventus is based in Toronto, Canada, and is listed on the TSX-V under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.
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 news release.
This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Adventus expect or anticipate will or may occur in the future. Although Adventus has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus undertakes to update any forward-looking information except in accordance with applicable securities laws.
SOURCE Adventus Zinc Corporation
For further information: from Adventus, please contact Christian Kargl-Simard, President and Chief Executive Officer, at +1-416-230-3440 or [email protected]