VANCOUVER, BC, Oct. 28,
2022 /CNW/ - Zacapa Resources Ltd. (TSXV:
ZACA), (OTCQB: ZACAF), (DE: BH0) ("Zacapa") has been
requested by the TSX Venture Exchange to issue a clarification on
previously engaged investor relations and marketing activities.
Zacapa entered into an agreement for market awareness with
Native Ads, Inc. ("Native Ads") on July 1, 2021, whereby fees of US$250,000 were paid in two equal installments in
July and October, 2021. The services were to be provided at the
time the agreement was entered into but were suspended until 2022
as Zacapa's initial public offering was delayed until January 26, 2022. Zacapa disclosed the agreement
with Native Ads in a news release dated January 26, 2022.
The services were provided by Native Ads to Zacapa between
January 26, 2022 and February 28, 2022. Zacapa confirms that the
agreement with Native Ads is no longer in effect. Native Ads did
not participate in the initial public offering of Zacapa and are
arm's length to Zacapa.
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.
On behalf of the Board of Directors,
"Adam Melnik"
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