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Copper, Gold Mining Explorer to Go Public

Source: Streetwise Reports

 

January 26, 2022 (Investorideas.com Newswire) Zacapa Resources will complete its initial public offering and be listed on the TSX Venture Exchange on Jan. 26.


After Zacapa Resources Ltd. (ZACA:TSX.V) completes the initial public offering, it will have 50,153,280 common shares issued and outstanding. Of those, 8,670,000 are subject to escrow and will be released in tranches over 36 months. Another 23,200,000 common shares will also be subject to escrow and released in tranches over 12 months.

In terms of the outstanding stock options, grantees will have until Jan. 26, 2027, to exercise them. With each option, one common share may be bought for $0.50.

With respect to the consulting agreement, Zacapa paid RB $95,245 for 12 months of services, per the terms. Both parties may renew the agreement subsequently if so desired.

Disclosures:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Zacapa Resources Ltd. Please click here for more information.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Zacapa Resources Ltd., a company mentioned in this article.

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