Vancouver, British Columbia, Canada – Tuesday, August 9, 2016 – Canada Zinc Metals Corp. (“Canada Zinc” or “the Company”, TSX Venture Exchange: CZX) is pleased to announce that it has entered into an agreement with Paradox Public Relations Inc. (“Paradox”) to provide investor relations services. Paradox will focus on developing and expanding the Company’s communications with the investment community through a comprehensive investor relations program.
Under the terms of the contract, subject to regulatory approval, the Company will pay Paradox $5,000 per month and reimburse Paradox for certain pre-approved expenses. The contract term is for 12 months with a 12 months extension option. Both parties can cancel by giving a 30 day notice in writing.
Also, the Company will grant Paradox incentive stock options to purchase 300,000 common shares in the capital stock of the Company at a price of $0.39 per share and 100,000 at $0.60 for the length of the contract, vesting quarterly over 12 months.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN