Update on the restructuring of Yukon Zinc Corporation ("Yukon Zinc" or the "Company")

VANCOUVER, April 24, 2015 /CNW/ - On April 17, 2015, the Supreme Court of British Columbia (the "Court") made an Order authorizing Yukon Zinc and PricewaterhouseCoopers Inc., in its capacity as Court-appointed monitor of Yukon Zinc (the "Monitor"), to carry out a sale and investment solicitation process (the "Solicitation Process") and actively seek offers for an investment in the Company, or for the purchase of the Company's assets or business. PricewaterhouseCoopers Corporate Finance Inc. (the "Financial Advisor") has also been appointed by the Court to assist the Monitor and the Company in the Solicitation Process.  

The Company is pleased to report that the Solicitation Process has commenced and that the Company, the Monitor and the Financial Advisor have already had discussions with several potential investors and purchasers. Yukon Zinc will work diligently throughout the Solicitation Process with the Monitor, the Financial Advisor, the Yukon government and all other stakeholders with the intention of identifying an investor or purchaser that will preserve the Company's mining assets and, in due course, recommence mining activities at the Wolverine Mine.

The Solicitation Process allows interested parties to gain access to information about Yukon Zinc and its mining assets. The process is set to conclude at 7:00 p.m. on June 8, 2015, with all offers due by that date. The Monitor and the Company will be reporting to the Court as to the outcome of the Solicitation Process at the next hearing, which is scheduled for June 12, 2015.

Anyone seeking additional information about the Solicitation Process is invited to email the Financial Advisor at yzc.project.base@ca.pwc.com.  

Further information can also be found at www.pwc.com/car-yukonzinc.

Follow PwC on Twitter at @PwC_Canada_LLP and on Facebook at www.facebook.com/pwccanada.

About PwC Canada
PwC Canada helps organizations and individuals create the value they're looking for. More than 5,800 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with more than 195,000 people in 157 countries. Find out more by visiting us at www.pwc.com/ca.

© 2015 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved.

PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

SOURCE PricewaterhouseCoopers (PwC Management Services LLP)

For further information: Jordana Whetter, T : 1 604 806 7316, Email: jordana.e.whetter@ca.pwc.com


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