TORONTO, ONTARIO--(CCNMatthews - Dec. 23, 2004) - ONTZINC Corporation
(TSX VENTURE:OTZ)(the "Company") is pleased to announce that its
consolidated common shares will be posted for trading on the Toronto
Stock Exchange on Friday, December 24, 2004, under the symbol "HBM". At
that time, the common shares and certain common share purchase warrants
(TSX:HBM.WT) will commence trading under the Company's new name HudBay
Minerals Inc.
The Company has effected the previously announced consolidation of its
common shares. The consolidation was completed upon the basis of one new
common share for every 30 pre-consolidation common shares.
On November 10, 2004, the Company mailed to its registered shareholders
a letter of transmittal relating to the consolidation of its common
shares. To receive certificates representing common shares of HudBay
Minerals Inc., on a post-consolidated basis, registered shareholders
should follow the instructions set out in the letter of transmittal and
send their ONTZINC common share certificates, together with the letter
of transmittal, to Equity Transfer Services Inc., the registrar and
transfer agent of the Company. Equity will then mail back the new share
certificates to which the registered shareholder is entitled in
accordance with the instructions given in the letter of transmittal. If
you are a beneficial holder of ONTZINC shares (i.e. you hold your
ONTZINC shares through a brokerage account), your broker will be
responsible for distributing to you the appropriate number of HudBay
common shares.
FOR FURTHER INFORMATION PLEASE CONTACT:
ONTZINC Corporation
H. Douglas Scharf
Executive Vice President, Corporate
Development
(416) 913-7601
The TSX Venture Exchange has neither
approved nor disapproved the
contents of this press release.