BULLETIN V2026-2089
ZACATECAS SILVER CORP. ("ZAC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 18, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing an option agreement dated May 2026 (the "Agreement") among Zacatecas Silver Corp. (the "Company"), through its subsidiary Desarrollos Mineros Zacatecas Silver, S.A. de C.V., and Heliodor Metals, S.A. de C.V. and Minera Aurea, S.A. de C.V., which are wholly owned subsidiaries of Heliostar Metals Ltd. ("Heliostar"). Pursuant to the Agreement, Heliostar has granted an option to the Company to acquire a 100% interest in certain exploration properties located in the Sonora and Oaxaca areas of Mexico (the "Properties").
As consideration to acquire the 100% interest, the Company will pay Heliostar an aggregate of US$450,000 in cash and issue an aggregate value of US$750,000 in common shares of the Company over a three-year period, as details below:
(1) Effective Date: US$150,000 cash and US$300,000 in shares. A portion of both payments is deferred pending concession registration, with the initial amounts paid/issued being US$129,000 cash and 4,217,845 shares (valued at US$258,000).
(2) First Anniversary: US$100,000 in cash and US$150,000 in common shares.
(3) Second Anniversary:US$100,000 in cash and US$150,000 in common shares.
(4) Third Anniversary: US$100,000 in cash and US$150,000 in common shares.
The number of anniversary common shares to be issued will be based upon the greater of the market price on the date of the announcement or the 10-day volume-weighted average price (VWAP) immediately prior to the applicable share issuance. The total number of common shares issuable under the transaction is subject to a maximum cap of 12,500,000 common shares (the "Share Cap"). If the value of the Share Cap is less than the total required USD share consideration, the Company will pay the shortfall difference to Heliostar in cash.
Upon exercise of the option, the Company will grant a 2.0% net smelter return royalty to Heliostar on the Properties with a right to purchase one-half (1.0%) at any time before commercial production by making a one-time cash payment of US$2,000,000. The Properties are also subject to pre-existing underlying royalties on the La Barra, Edaena, and Cumaro concessions, which include specific buyback options.
The transaction is arm's length in nature, and no finder's fees are payable.
For further information, please refer to the Company's news releases dated March 2, 2026, and June 8, 2026.
_______________________________________
|
|
