HI DEAN !
This news release (SEPT. 97) seems that Cambior is very interested in ZAPPA as they now hold 6,400,000 shares or 27%, and may increase .
Maybe that feeling I've been having of someone trying to keep the stock price down is more than just a feeling. As it would be in Cambior's best interests.
PRESS RELEASE
FOR IMMEDIATE RELEASE
Montreal, September 19, 1997
ACQUISITION OF SHARES OF ZAPPA RESOURCES LTD.
Cambior Inc. ("Cambior") announces that, on September 17, 1997, it purchased 3,600,000 common
shares of Zappa Resources Ltd. ("Zappa") by means of a private placement. As a result of this
transaction, Cambior is the beneficial owner of 6,399,200 common shares of Zappa representing
approximately 27% of Zappa's outstanding common shares, and still holds a share purchase warrant
with respect to 1,816,184 common shares of Zappa.
This acquisition of shares in Zappa by Cambior has been made for investment purposes. Cambior may
in the future increase its beneficial ownership of, control or direction over, any securities of Zappa by
acquisition of shares upon i) an exercise of its share purchase warrant; ii) a private placement; iii) a
stock market trade; and/or iv) in any other manner.
Cambior Inc. is an international diversified gold producer with operations, development projects and
exploration activities throughout the Americas. Cambior shares trade on the Toronto, Montreal and
American (AMEX) stock exchanges under the symbol "CBJ".
morrie |
