VANCOUVER, BC, Dec. 16, 2022 /CNW/ - Zacapa Resources Ltd. (TSXV:ZACA.VN) (OTC-BB:ZACAF) (DE:BH0) ("Zacapa" or "Company") announces that the Company has agreed to settle an outstanding debt in the amount of CAD $209,703 (the "Debt") owing to an arm's length creditor by issuing an aggregate of 2,097,033 common shares in the capital of the Company (the "Common Shares") at a price of $0.10 per Common Share (the "Shares for Debt Transaction"). The Board of Directors has determined it is in the best interest of the Company to settle the outstanding Debt by the issuance of the Common Shares in order to preserve the Company's cash for ongoing operations.
Read more at newswire.caZACAPA SETTLES DEBT FOR EQUITY
Newswire.ca - Press Release
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