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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (3112)6/11/2001 9:59:05 PM
From: Al Collard  Respond to of 11802
 
Canuck Dave, news on your pick ZPA-v:

Zappa to acquire interest in La Plata property

Mon 11 Jun 2001
Property Agreement

The Canadian Venture Exchange has accepted for filing a non-arm's-length
agreement between Zappa Resources and Cambior Inc., (the vendor) of
Longueuil, Que., pursuant to which the company will acquire all of the
vendor's remaining beneficial mineral rights 55-per-cent undivided interest
in the Henri and La Florida Exploration concessions known collectively as
the La Plata mineral prospect (the property) located in Ecuador.
In consideration, the company has agreed to pay $300,000 in cash
consideration to the vendor. The vendor, in return upon closing, will give
back to the company 5,080,904 fully paid common shares for cancellation by
the company.
In order to effect the overall transaction, Albert Gerry, the president of
the company will purchase 1,666,666 fully paid common shares of the
company, currently held by the vendor, which is in addition to the amounts
disclosed above.