By Marketwire,
April 9, 2009 at 11:41 PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2009) - Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) announces that it has entered into a private agreement to acquire 347,669,022 ordinary shares (the "Shares") of Vatukoula Gold Mines plc ("VGM") for consideration of Pounds Sterling 2,538,000 (approximately C$4,555,000). The Shares acquired represent approximately 18.25% of the issued share capital of VGM. Vatukoula Gold Mines plc is a UK company, listed on the Alternative Investment Market ("AIM") of the London Stock Exchange, which currently owns and operates the Vatukoula Gold Mine located in Fiji.