- Zacapa Resources (ZACA) has announced a non-brokered private placement for gross proceeds of up to C$3,000,000
- The company will issue up to 20,000,000 units for C$0.15 per unit
- The net proceeds will be used for the exploration and drilling of Zacapa’s projects
- The offering is expected to close on or about October 7, 2022
- Zacapa Resources Ltd. (ZACA) opened trading at C$0.17
Zacapa Resources (ZACA) has announced a non-brokered private placement for gross proceeds of up to C$3,000,000.
The company will issue up to 20,000,000 units for C$0.15 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 36 months following the closing date of the offering.
The net proceeds will be used to explore and drill Zacapa’s projects, including the South Bullfrog gold project in Nevada and the Miller Mountain gold project in Idaho.
The offering is expected to close on or about October 7, 2022. All securities issued will be subject to a statutory four-month hold period.
Zacapa is a copper and gold-focused mineral exploration company. Its projects are concentrated in the southwest U.S., including Arizona, Nevada, and Idaho.
Zacapa Resources Ltd. (ZACA) opened trading at C$0.17.