September 26, 2017 1:12 AM ET

Metals and Mining

Company Overview of Zazu Metals Corporation

Company Overview

Zazu Metals Corporation, an exploration company, engages in the exploration and development of mineral properties. It holds 50% operating interest in the Lik zinc-lead-silver deposit covering 2,225 hectares located in North West Alaska, the United States. The company was founded in 2006 and is based in Vancouver, Canada. As of July 13, 2017, Zazu Metals Corporation operates as a subsidiary of Solitario Exploration & Royalty Corp.

666 Burrard Street

Suite 500 Park Place

Vancouver, BC V6C 3P6

Canada

Founded in 2006

Phone:

604-878-9298

Fax:

877-878-7098

Key Executives for Zazu Metals Corporation

Founder, Chairman of the Board, Chief Executive Officer & President
Age: 58
Chief Financial Officer
Vice President of Exploration
Compensation as of Fiscal Year 2017.

Zazu Metals Corporation Key Developments

Zazu Metals Corp. To Be Deleted From Other OTC

Zazu Metals Corp.'s common shares (Canada) will be deleted from Other OTC, effective August 7, 2017. The deletion was due to Acquisition/Merger/Amalgamation.

Zazu Metals Corporation To Be Delisted From The TSX Venture Exchange

TSX Venture Exchange Inc. has accepted for filing documentation in connection with the plan of arrangement (the "Arrangement") between Zazu Metals Corporation (the "Company") and Solitario Exploration & Royalty Corp. (the "Purchaser"), a TSX listed company. Pursuant to the Arrangement, the Purchaser will acquire all the issued and outstanding shares, of the Company by way of a court-approved plan of arrangement. Shareholders of the Company will receive 0.3572 of a common share of the Purchaser for each common share of the Company held. The Exchange has been advised that approval of the transaction by the Company's shareholders was received at the special meeting of the shareholders held on June 29, 2017. Effective at the close of business, July 17, 2017, the common shares of Zazu Metals Corporation will be delisted from the TSX Venture Exchange.

Zazu Metals Corporation Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016 and Unaudited Earnings Results for the First Quarter Ended March 31, 2017

Zazu Metals Corporation reported audited consolidated earnings results for the year ended December 31, 2016 and unaudited earnings results for the first quarter ended March 31, 2017. For the year, the company reported loss from operations of $364,045 compared to $1,005,972 a year ago. Net loss attributable to the shareholders was $355,590 or $0.01 per basic and diluted share compared to $1,076,084 or $0.02 per basic and diluted share a year ago. Cash flow used in operating activity was $350,357 compared to $793,190 a year ago. Purchase of exploration and evaluation assets was $96,752 compared to $398,251 a year ago. For the quarter, the company reported loss from operations of $51,667 compared to $87,688 a year ago. Net loss attributable to the shareholders was $52,733 or $0.00 per basic and diluted share compared to $76,916 or $0.00 per basic and diluted share a year ago. Cash flow used in operating activity was $51,790 compared to $93,237 a year ago. Purchase of exploration and evaluation assets was $3,756 compared to $13,115 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 27, 2017
--
Private Placement
April 27, 2017
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