VANCOUVER, BC, Nov. 25,
2022 /CNW/ - Zacapa Resources Ltd. (TSXV:
ZACA) (OTCQB: ZACAF) (DE: BH0) ("Zacapa")
is pleased to announce that Ian Slater, Executive Chairman, has beneficial
ownership of, and control and discretion over, directly or
indirectly through Slater Capital Corporation, 9,200,000 common
shares of Zacapa ("Zacapa Shares"), or approximately 14.6%
of the issued and outstanding Zacapa Shares. If Mr. Slater
exercises all of the 1,511,110 warrants of Zacapa and the 500,000
options of Zacapa owned by him, he will have beneficial ownership
of, and control and discretion over, directly or indirectly,
11,211,110 Zacapa Shares, or 17.4% of the then issued and
outstanding Zacapa Shares, assuming no other convertible securities
of Zacapa are exercised and no other Zacapa Shares are
issued.
Mr. Slater acquired beneficial ownership of, and control or
discretion over, the Zacapa Shares and warrants of Zacapa that are
the subject of this report for investment purposes and intends to
review his investment in Zacapa on a continuing basis. Mr. Slater
plans to continue to acquire additional securities in Zacapa, both
directly and indirectly.
This press release is issued pursuant to Multilateral Instrument
62-104, which requires reports to be filed with the securities
regulatory authority in each jurisdiction where Zacapa is
reporting, using the Canadian System for Electronic Document
Analysis and Retrieval (SEDAR), and will be available for viewing
at www.sedar.com.
To obtain a copy of the subject early warning report filed by
Ian Slater in accordance with
applicable Canadian securities laws, please contact us at
+1 604 638 2545.
About Zacapa
Resources
Zacapa is a mineral exploration company engaged in responsible
exploration for the new energy economy. Its projects are
concentrated in world class jurisdictions in the southwest U.S.,
including Arizona, Nevada, and Idaho. The portfolio includes porphyry copper
projects at Red Top and Pearl and epithermal gold projects at South
Bullfrog and Miller Mountain. These
assets are being advanced by a highly disciplined and seasoned
professional team with successful track records of discovery,
resource development and mine permitting.
For more information, please visit www.zacaparesources.com.
On behalf of the Board of Directors,
"Adam Melnik"
Adam Melnik
Zacapa Resources
Chief Executive Officer & Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Certain information set forth in this
news release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although Zacapa believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Zacapa
cautions that all forward-looking statements are inherently
uncertain, and that actual performance may be affected by a number
of factors, many of which are beyond Zacapa's control. Accordingly,
actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward-looking information. Readers
are advised to rely on their own evaluation of such uncertainties.
Except as required under applicable securities legislation, Zacapa
undertakes no obligation to publicly update or revise
forward-looking information.
SOURCE Zacapa Resources