Azucar Grants Stock Options
May 12 2023 - 5:15PM
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 3,188,200
common shares in the capital of the Company at an exercise price of
$0.09 per share which expire on May 12, 2028.
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 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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