Zacapa Resources Ltd. (TSXV: ZACA | OTCQB: ZACAF) has announced that Ian Slater, executive chairman, has acquired 5,600,000 additional common shares of Zacapa in the market on November 25 and 28, 2022.
Mr. Slater now has beneficial ownership of, and control and discretion over, directly, or indirectly through Slater Capital Corporation, 10,000,000 Zacapa Shares, or approximately 15.9% of the issued and outstanding Zacapa Shares.
If Mr. Slater exercises all 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, 12,011,110 Zacapa Shares, or 19% 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 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
