NZC-TSX
NORZF-OTCQB
VANCOUVER, Feb. 25, 2020 /PRNewswire/ - NorZinc Ltd.
(TSX: NZC; OTCQB: NORZF) (the "Company" or "NorZinc")
announces it will voluntarily file a Form 15F with the United
States Securities and Exchange Commission (the "SEC") to terminate
the registration of its common shares under Section 12(g) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and its reporting obligations under Section 13(a) of the Exchange
Act.
Management of the Company is of the view that the costs
associated with continuing the registration and reporting under the
Exchange Act outweigh the benefits received by the Company from
maintaining its registration.
The termination will become effective 90 days after the date of
filing of the Form 15F with the SEC, or within such shorter period
as the SEC may determine. Upon filling of the Form 15F, the
Company's reporting obligations under the Exchange Act will be
immediately suspended, including its obligations to file annual
reports on Form 20-F and reports on Form 6-K.
The Company's common shares are currently quoted on the OTCQB,
operated by OTC Markets Group Inc. After filing of the Form 15F,
the Company expects its common shares to continue to be quoted on
the OTCQB under the ticker symbol "NORZF".
The Company's shares will continue to trade on the TSX, and the
Company will continue to meet its Canadian continuous disclosure
obligations through filings with the applicable Canadian securities
regulators. All of the Company's filing can be found at the SEDAR
website at www.sedar.com.
About NorZinc
NorZinc is a TSX-listed mine development Company trading under
the symbol "NZC". NorZinc is developing its key project, the
100%-owned high grade zinc-lead-silver Prairie Creek Mine, located
in the Northwest Territories.
NorZinc also owns projects in Newfoundland that host several
zinc-lead-copper-gold-silver deposits.
Neither the Toronto Stock Exchange, nor its Regulation
Services Providers accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement – Forward-Looking Information
This press release contains forward-looking information,
including, among other things, statements regarding the Company's
trading on the TSX and the OTCQB, and the timing for termination of
SEC reporting obligations. In making the forward-looking
statements in this release, the Company has applied certain factors
and assumptions that the Company believes are reasonable, including
that the Company is able to obtain regulatory approval for the SEC
deregistration, that market makers will continue to make a market
in the Company's common shares and that the Company will continue
to meet the listing standards of the TSX and the trading standards
of the OTCQB. However, the forward-looking
statements in this release are subject to numerous risks,
uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such
forward-looking statements. Such uncertainties and risks include,
among others, the SEC objecting to the submission of the Form
15F, as well as all of the risk factors described in the
Company's most recent Form 20-F/Annual Information Form and
Management's Discussion & Analysis on file with the United
States Securities and Exchange Commission and Canadian provincial
securities regulatory authorities. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, except as required by applicable law.
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SOURCE NorZinc Ltd.