Business
Fitzroy Minerals Grant of Stock Options
(TheNewswire) VANCOUVER, BRITISH COLUMBIA, March 20, 2025 – FITZROY MINERALS INC. (T...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Fitzroy Minerals Grant of Stock Options\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, March\n20, 2025 – FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF)\n(“Fitzroy Minerals” or the \"Company\")\n \n\n is pleased to announce that it has\n \n\n granted 1,200,000 stock options (each, an “\n \n\n Option\n \n\n ”) to\npurchase up to 1,200,000 common shares (“\n \n\n Common Shares\n \n\n ”) of\nthe Company to certain directors, officers, and consultants of the\nCompany under the Company’s stock option plan (the “\n \n\n Plan\n \n\n ”).\n \n\n\n\n The Options are exercisable at the price of $0.30 per\nCommon Share until March 20, 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 About Fitzroy Minerals\n \n\n\n\n Fitzroy Minerals is focused on exploring and developing\nmineral assets with substantial\n \n\n upside potential\nin the Americas. The Company’s current property portfolio includes\nthe Caballos Copper and Polimet Gold-Copper-Silver projects located in\nValparaiso, Chile, and the Taquetren Gold project located in Rio\nNegro, Argentina, as well as the Cariboo project in British Columbia,\nCanada. Fitzroy Minerals’ shares are listed on the TSX Venture\nExchange under the symbol FTZ and on the OTCQB under the symbol FTZFF.\n \n\n\n\n On behalf of Fitzroy Minerals Inc.\n...