Copper, Gold Mining Explorer to Go Public

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.

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