Business
Regulus Resources Grants Incentive Stock Options
VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company", TSX-V: REG, OTCQX: RGLSF) announces that ince
About this update from Regulus Resources Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (\"Regulus\" or the \"Company\", TSX-V: REG, OTCQX: RGLSF) announces that incentive stock options have been granted to directors, officers, employees and consultants to purchase up to 3,950,000 common shares at a price of $1.02 per share for five years, pursuant to its Stock Option Plan. These stock options will vest over a two year period. The Company currently has 124,508,818 shares issued and outstanding, along with 11,725,000 options (including the options described above) and 5,500,000 warrants outstanding. ON BEHALF OF THE REGULUS BOARD (signed) \"John Black\" John BlackCEO and DirectorTel: +1 (604) 685-6800Email: [email protected] For further information, please consult our website at www.regulusresources.com or contact: Ben CherringtonTel: +1 347 394 2728 or +44 7538 244 208Email: [email protected] About Regulus Resources Inc. and the AntaKori Project Regulus 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-silver 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 (independent technical report prepared by AMEC Foster Wheeler (Peru) S.A., a Wood company, titled AntaKori Project, Cajamarca Province, Peru, NI 43-101 Technical Report, dated February 22, 2019 - see news release dated March 1, 2019). Mineralization remains open in most directions. 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\" o...