Zacapa Resources Ltd. (TSXV: ZACA | OTCQB: ZACAF) has announced that its executive chairman, Ian Slater, has beneficial ownership of, control, and discretion over, directly, or indirectly through Slater Capital Corporation, 9,200,000 common shares of Zacapa 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.
To find out more, please visit www.zacaparesources.com
