The Board of Zacapa Resources Ltd. (TSXV:ZACA) announced the spin off of Copper Assets of Zacapa Resources Ltd. on October 3, 2022. Existing Zacapa shareholders would hold their interests in two companies relative to their shareholdings in Zacapa. The transaction is subject to approval of Zacapa's shareholders.

It is also anticipated that the Potential Transaction will be subject to other customary approvals, including approval by the Supreme Court of British Columbia and the TSX Venture Exchange.