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Fitzroy Minerals Announces Grant of Stock Options and Appointment of Chief Financial Officer and Corporate Secretary
(TheNewswire) VANCOUVER, BRITISH COLUMBIA, April 4, 2025 – TheNewswire - FIT...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Fitzroy Minerals Announces Grant of Stock Options and Appointment of Chief Financial Officer and Corporate Secretary\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER, BRITISH COLUMBIA, April 4,\n2025 –\n \n\n TheNewswire -\n \n\n FITZROY MINERALS INC. (TSXV:\nFTZ, OTCQB: FTZFF) (“Fitzroy Minerals” or the\n\"Company\")\n \n\n is pleased to announce that\nit has\n \n\n granted 3,550,000 stock options (each, an\n“\n \n\n Option\n \n\n ”) to purchase up to 3,550,000 common shares\n(“\n \n\n Common Shares\n \n\n ”) of the Company to certain directors, officers, and\nconsultants of the Company under the Company’s stock option plan\n(the “\n \n\n Plan\n \n\n ”).\n \n\n\n\n The Options are exercisable at the price of $0.25 per\nCommon Share until April 4, 2030, subject to any earlier termination\nin accordance with the Plan. All Options vested immediately on the\ndate of grant. All Options and the Common Shares underlying such\nOptions are subject to a hold period of four months and one day from\nthe date of issuance. The grant of Options to certain directors and\nofficers constitutes a related party transaction pursuant to\nMultilateral Instrument 61-101 – Protection of Minority Security\nHolders in Special Transactions (“\n \n\n MI 61-101\n \n\n ”). The\nCompany is exempt from the requirements to obtain a formal valuation\nand minority shareholder approval in connection with the grant of\nOptions to related parties in reliance on the exemptions contained in\nsections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively, as the\nCompany is not listed on a specified market and the fair market value\nof the Options does not exceed 25% of the Company’s market\ncapitalization.\n \n\n\n\n Appointment of Chief Financial\nOfficer and Corporate Secretary\n \n\n\n\n The company also announces that Herrick Lau has\nresigned as Chief Financial Officer of the Company. The directors\nwould like to thank Mr. Lau for his work with the Company and wish him\nall the success in his future endeavours.\n \n\n\n\n With the resignation of Mr. Lau, Ms. Queenie Kuang has\nbeen appointed as Chief Financial Officer and Corporate Secretary of\nthe Company. Ms. Kuang is a Chartered Public Accountant and holds a\nBach...