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Take physic, pomp

Three months of Zacapa Resources (ZACA.v)

We last met the scam pump Zacapa Resources (ZACA.v) in this post one month ago, in which we listed its wonders to date:

  • The dumbest pump job of 2022 from NIA. Surely you too remember “Quinton Hennigh…is almost always proven right about every single thing he says
  • Price paid for this flash-in-pan P&D, $100,000
  • Which was immediately flagged by the US OTC (doing the job of the lapdog Canadian authorities again) and got ZACA to agree with that above statement about PT Barnum PhD. Oh, how we giggled.
  • And with the mouthbreathers bought in at 35c and 40c, the NIA boilerhouse spike was followed by the inevitable wholesale share dumpage and then…
  • A $3m non-brokered private placement, with 20m units to sell at 15c (each with a full warrant at 22c)

That placement was originally scheduled to close on October 7th, but we heard nothing until this very Friday evening, October 28th, when…

VANCOUVER, BC, Oct. 28, 2022 /CNW/ – Zacapa Resources Ltd. (TSXV: ZACA) (OTCQB: ZACAF) (DE: BH0) (“Zacapa”) announces that the non-brokered private placement (the “Offering”) for the sale of 9,614,257 units (the “Units”) at a price of C$0.15 per Unit for gross proceeds of approximately $1.4 million has now closed.

Tough market, right Adam? Never mind, Adam, it should be enough to make payroll. And to pay the auditors, Adam. Geddit?

UPDATE: Also tonight, a second NR that reminds us how ZACA spent $250k on a one month promo campaign.

4 Comments

    They make payroll for a few months with this money. Paying the auditors is not today’s problem. Thank you very much.

    Reply

    I need to start shorting these pumps as they are posted. Has to be more ethical than running the scam.

    Reply

    […] October and “Three months of Zacapa Resources (ZACA.v)” we listed the trail of disaster to that date and noted how ZACA had tried to raise $3m by […]

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