Regulus Announces Grant of Stock Options
June 29 2020 - 3:37PM
Regulus Resources Inc. (“
Regulus”
or the “
Company”) (
TSX.V – REG)
announces that incentive stock options have been granted to
directors, officers, employees and consultants to purchase up to
1,900,000 common shares at a price of $0.86 per share for five
years, pursuant to its Stock Option Plan.
The Company currently has 101,844,844 shares
issued and outstanding, along with 10,000,000 options (including
the options described above) and 9,829,884 warrants
outstanding.
For Further Information, please
contact:
Regulus Resources Inc.
John E. Black |
CEO / Director |
Phone: |
+1 303 618-7797 mobile |
|
+1 720 514-9036 office |
Email: |
john.black@regulusresources.com |
About Regulus Resources Inc. and the
AntaKori Project
Regulus Resources Inc. is an international
mineral exploration company run by an experienced technical and
management team. The principal project held by Regulus is the
AntaKori copper-gold project in northern Peru. The AntaKori project
currently hosts a resource with indicated mineral resources of 250
million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t
Ag and inferred mineral resources of 267 million tonnes with a
grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press release
dated March 1, 2019). Mineralization remains open in most
directions.
For further information on Regulus Resources
Inc., please consult our website at www.regulusresources.com.
Forward Looking Information
Certain statements regarding Regulus, including
management's assessment of future plans and operations, may
constitute forward-looking statements under applicable securities
laws and necessarily involve known and unknown risks and
uncertainties, most of which are beyond Regulus' control.
Often, but not always, forward-looking statements or information
can be identified by the use of words such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate" or "believes" or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be
achieved.
Cautionary Note This news
release contains certain forward-looking statements, including
statements regarding the Company’s business and anticipated
financial performance of the Company. These statements are subject
to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include:
changes in metal prices, changes in the availability of funding;
unanticipated changes in key management personnel and general
economic conditions. Mining is an inherently risky business.
Accordingly the actual events may differ marginally from those
projected in the forward-looking statements. When relying on
forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to
update any forward looking statements, oral or written, made by
itself or on its behalf.
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