Vancouver, British Columbia–(Newsfile Corp. – February 1, 2017) – Zinc One Resources Inc. (TSXV: Z) (“Zinc One“) and Forrester Metals Inc.(TSXV: VEM.H) (“Forrester”) are pleased to announce that they have entered into a binding agreement (the “Agreement“) whereby Zinc One has agreed to acquire all of the issued and outstanding common shares of Forrester (the “Transaction“) and complete a private placement financing of $10,000,000 (the “Private Placement Financing“). Zinc One’s proposed acquisition of Forrester is based on a positive outlook for the zinc price and the attractiveness of the zinc assets contained in the Forrester portfolio.
Jim Walchuck, CEO of Zinc One, stated “We believe that this transaction is a tremendous step in moving Zinc One towards becoming a zinc producer. Although there are other quality assets in Forrester, it is the high-grade zinc Bongara and…
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