Zincore and Mines & Metals Trading Sign Letter of Intent for Proposed Reverse Takeover Transaction

Apr 12, 2019

VANCOUVER, BC / ACCESSWIRE / January 21, 2019 / Zincore Metals Inc. (NEX: ZNC.H) ("Zincore" or the "Company") announces that that it has entered into a Letter of Intent ("LOI") dated January 13, 2019 with Mines & Metals Trading (Peru) PLC, ("MMTP") whereby Zincore will acquire all of the issued and outstanding securities of MMTP by way of a share exchange, amalgamation or such other form of business combination as the parties may determine. Upon successful completion of the proposed acquisition of the securities of MMTP (the "Transaction"), it is anticipated that the Company (the "Resulting Issuer") will be listed as a Tier 2 Mining issuer on the TSX Venture Exchange ("TSX-V") and will carry on the business of the continued exploration and development of MMTP's Recuperada zinc-lead-silver project in Huancavelica, Peru. The Transaction is at arms-length and constitutes a 'reverse takeover' of the Company pursuant to Policy 5.2 of the TSX-V. Zincore and MMTP will now work toward negotiating a Definitive Agreement by March 15, 2019.

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