PARAGON MINERALS CORPORATION ("PGR")
BULLETIN TYPE: Plan of Arrangement -Change in Share type/classification or other attributesDelist
BULLETIN DATE: September 24, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an Arrangement Agreement (the "Agreement") dated July 30, 2012 among Paragon Minerals Corporation ("Paragon"), Canadian Zinc Corporation ("Canadian Zinc") and 8209103 Canada Ltd., a wholly-owned subsidiary of Canadian Zinc. Pursuant to the Agreement, Canadian Zinc acquired from the shareholders of Paragon all of the issued and outstanding common shares of Paragon for consideration of 0.136 of a common share of Canadian Zinc for each common share of Paragon (the "Share Exchange Ratio"). The holders of outstanding stock options and warrants of Paragon received equivalent stock options and warrants of Canadian Zinc on the basis of the same Share Exchange Ratio.
The Exchange has been advised that approval of the Arrangement by shareholders of Paragon was received at a meeting of the shareholders held on September 17, 2012 and that approval of the Arrangement was received from the Supreme Court of British Columbia on September 20, 2012. The full particulars of the Arrangement are set forth in Paragon's Information Circular dated August 17, 2012 which is available under Paragon's profile on SEDAR.
Paragon and Canadian Zinc closed the Arrangement on September 24, 2012.
Delisting:
In conjunction with the closing of the Arrangement, Paragon has requested that its common shares be delisted. Accordingly, effective at the close of business, Monday, September 24, 2012, the common shares of Paragon will be delisted from the Exchange.
Insider / Pro Group Participation: None
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