Business
Fidelity Minerals Provides Update on Sale of Cerro Dorado and Announces the Issuance of Options
(via TheNewswire) Vancouver, BC - TheNewswire - January 24, 2020 - ...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Fidelity Minerals Provides Update on Sale of Cerro Dorado and Announces the Issuance of Options(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - January 24, 2020 - Fidelity Minerals Corp. (TSXV:FMN) (FSE:S5GM) (SSE:MNYC) (\"Fidelity Minerals\" or the \"Company\") is pleased to announce that subsequent to the news release of January 7, 2019 wherein we updated progress with respect to the Cerro Dorado sale transaction, the Company has received the scheduled payment of USD $150,000. The Payment Schedule as previously announced remains otherwise unchanged. \n\n \n \nIn addition, the Company announces that it has received conditional TSX-V approval of the transaction. \n\n \n \nFollowing the recent cancellation of certain options associated with the recent share consolidation, the Company has also granted an aggregate of 1,725,000 incentive stock options (the \"Options\") to certain directors, officers and consultants of the Company pursuant to the Company's previously approved Stock Option Plan. The Options are exercisable at a price of $0.075 per share for a period of 5 years.\n\n \n \nAbout Fidelity Minerals Corp.\n\n\n \nFidelity Minerals Corp. is assembling a portfolio of high-quality mining assets in Peru through the implementation of our Strategic Project Generator (SPG) model. The project generator model involves the identification and acquisition of appraisal stage opportunities with near-term valuation catalysts, including potential for high-impact M&A. The company is backed by an experienced management team with diverse technical, market, and commercial expertise and is supported by committed and sophisticated investors focused on building long term value. \n\n \n \nOn behalf of the Board of Fidelity Minerals;\n\n\n \nIan Graham\nCEO and Director\nTel: +1.604.671.1353\nEmail: [email protected] \n\n\n \nInvestor Contact: \n\n\n \nBahay Ozcakmak\nExecutive Chairman \nTel: +61.3.9236.2800\nEmail: [email protected] \n\n \n \nNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. \n\n\n Copyright (c) 2020 TheNewswire - All rights reserved.","length":4320,"tagName":"div"}]