Alta Zinc appoints strategic corporate advisor
Alta Zinc (ASX: AZI) has announced the appointment of Discovery Capital Partners Pty Ltd to act as its strategic corporate advisor, with the aim of maximising shareholder value through ongoing corporate and capital markets advice.
Discovery is an emerging strategic corporate advisor with a proven track record of identifying emerging companies with high potential assets and collaboratively working with management to unlock significant value for all shareholders.
Alta Zinc’s recently appointed Managing Director, Geraint Harris, said “The Discovery team and I have worked together previously with outstanding results and we aim to replicate that success at Alta Zinc.
"Discovery shares our view of the Gorno Zinc project’s exceptional potential and we look forward to demonstrating that value to the market. I am delighted to have them on board.”
Adam Miethke, Joint Managing Director of Discovery commented: “Discovery’s starting point when assessing any new opportunity is in undertaking a thorough technical analysis of the asset base.
"Following an initial site visit several months ago the potential of the Gorno project was immediately evident, and coupled with the proven track record of Company’s board and management, we see a real opportunity to assist in unlocking the latent value in the Gorno project.”
Alta Zinc and Discovery have entered into an agreement to appoint Discovery to act as Strategic Corporate Advisor on 18 September 2019 (Agreement).
Under the Agreement, Alta Zinc has agreed to grant Discovery the right to subscribe for two tranches of 15 million unquoted options in the Company (Advisor Options), each tranche exercisable at $0.008 and $0.012 respectively with the first tranche vesting after six months and the second tranche vesting on the date that the 5 day VWAP of the Company’s share price trades at a price greater than 4 times the Company’s share price as at the date of the Agreement.
The Advisor Options are not transferable and will expire 5 years after the date of the Agreement. Other standard terms apply to the issue of the options.