Azucar Minerals Ltd. Grants Stock Options
04 Juli 2019 - 10:45PM
Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX-V:
AMZ; OTCQX: AXDDF) announces that, pursuant to its Stock Option
Plan, it has granted stock options to certain directors, employees
and consultants of the Company to purchase an aggregate 967,800
common shares in the capital of the Company at an exercise price of
$0.34 per share which expire on July 7, 2021.
About Azucar
Azucar is an exploration company with a mandate
to thoroughly explore the El Cobre project in Veracruz, Mexico, a
~7,000 Ha property which covers multiple gold-rich porphyry
targets, as demonstrated by recent drilling. Azucar is permitted
and funded for an active drill campaign in 2019. Azucar holds a
100% interest in the El Cobre project, subject to net smelter
returns royalty interests, assuming production from the property
exceeds 10,001 tonnes per day of ore, totaling 2.25% which can be
reduced to 2.0% though the payment of US$3.0 million.
On behalf of the Board of Directors,
“Morgan Poliquin”Morgan J. Poliquin, Ph.D.,
P.Eng.President, CEO and DirectorAzucar Minerals Ltd.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release does not constitute an offer
to sell or a solicitation of an offer to sell any securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Contact Information:
Azucar Minerals Ltd. Tel. 604.689.7644 Email:
info@azucarminerals.comhttp://www.azucarminerals.com/
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