HOT MINING STOCKS - UNDER $2 Message Board

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Gold/Mining/Energy : HOT MINING STOCKS - UNDER $2

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To: dean poets who wrote (17)	4/6/2001 7:32:19 PM
From: dean poets	Read Replies (7) of 73

Here is a follow up post to a previous message: Seems Zappa's biggest problem is soon to be behind them. Zappa to buy back Cambior's interest in La Plata Zappa Resources Ltd ZPA Shares issued 23,918,160 Mar 27 close $0.09 Wed 28 Mar 2001 News Release Also Cambior Inc (CBJ) Mr. Albert Gerry reports Zappa Resources and Cambior Inc. have agreed to the following transaction whereby Zappa is to buy back Cambior's 55-per-cent interest in the joint venture prospect, La Plata (a massive sulphide property in central Ecuador), for $300,000 (Canadian). This acquisition will increase Zappa's interest in La Plata to 100 per cent. Cambior will also divest itself of its current 7,747,570 shares of Zappa by surrendering 5,080,904 to Zappa's treasury for cancellation and the remaining 1,666,665 shares are to be purchased for $100,000 (Canadian) by a member of Zappa's board. The transaction will take place upon shareholder approval and the acceptance of the Canadian Venture Exchange. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com

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