Brief: Outcrop And Zacapa Enter Into Amalgamation Agreement

Zacapa Resources

31/08/2023 12:10

Aug 31 (Reuters) - Outcrop Silver & Gold Corp  OCG.V :
    * OUTCROP AND ZACAPA ENTER INTO AMALGAMATION AGREEMENT
    * OUTCROP SILVER & GOLD CORP -  PURSUANT TO AMALGAMATION
AGREEMENT, A WHOLLY-OWNED SUBSIDIARY OF OUTCROP WILL AMALGAMATE
WITH ZACAPA
    * OUTCROP SILVER & GOLD CORP - ALL COMMON SHARES OF ZACAPA
FOLLOWING AMALGAMATION WILL BE EXCHANGED FOR COMMON SHARES OF
OUTCROP ON A 4-FOR-1 BASIS
    * OUTCROP SILVER & GOLD CORP -  UPON COMPLETION, EXPECTED
THAT
SHAREHOLDERS OF ZACAPA WILL HOLD ABOUT 12% OF CO'S ISSUED AND
OUTSTANDING COMMON SHARES
    * OUTCROP SILVER & GOLD CORP - BOARD OF OUTCROP WILL REMAIN
SAME

Source text for Eikon:  ID:nCNWSXrwDa 
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