Azucar Grants Stock Options
December 20 2022 - 4:30PM
Azucar Minerals Ltd. ("Azucar" or the "Company") (TSX-V:
AMZ; OTCQB: AXDDF) announces that, pursuant to its Stock Option
Plan, it has granted stock options to directors, officers,
employees, and consultants of the Company to purchase 380,000
common shares in the capital of the Company at an exercise price of
$0.06 per share which expire on December 17, 2027.
About Azucar
Azucar is an exploration company with a mandate
to thoroughly explore the El Cobre project in Veracruz, Mexico,
which covers multiple gold-rich porphyry targets, as demonstrated
by recent drilling. Azucar holds a 100% interest in the El Cobre
project, subject to net smelter returns (“NSR”) 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,
“J. Duane Poliquin”J. Duane Poliquin,
P.Eng.Chairman, Azucar 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.
Contact Information:
Azucar Minerals Ltd.Tel. 604.689.7644Email:
info@azucarminerals.comhttp://www.azucarminerals.com/
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