Fitzroy Minerals Announces Grant of Stock Options
(TheNewswire)
VANCOUVER, BRITISH COLUMBIA –TheNewswire - July 11, 2025 – FITZROY MINERALS INC.(TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy Minerals” or the"Company") is pleased to announce thatit has granted 5,900,000 stock options (each, an“Option”) to purchase up to 5,900,000 common shares(“Common Shares”) of the Company to certain directors, officers, andconsultants of the Company under the Company’s stock option plan(the “Plan”).
The Options are exercisable at the price of $0.35 perCommon Share until July 11, 2030, subject to any earlier terminationin accordance with the Plan. All Options vested immediately on thedate of grant. All Options and the Common Shares underlying suchOptions are subject to a hold period of four months and one day fromthe date of issuance. The grant of Options to certain directors andofficers constitutes a related party transaction pursuant toMultilateral Instrument 61-101 – Protection of Minority SecurityHolders in Special Transactions (“MI 61-101”). TheCompany is exempt from the requirements to obtain a formal valuationand minority shareholder approval in connection with the grant ofOptions to related parties in reliance on the exemptions contained insections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively, as theCompany is not listed on a specified market and the fair market valueof the Options does not exceed 25% of the Company’s marketcapitalization.
About Fitzroy Minerals
Fitzroy Minerals is focused on exploring and developingmineral assets with substantial upside potentialin the Americas. The Company’s current property portfolio includesthe Caballos Copper and Polimet Gold-Copper-Silver projects located inValparaiso, Chile, and the Taquetren Gold project located in RioNegro, Argentina, as well as the Caribou project in British Columbia,Canada. Fitzroy Minerals’ shares are listed on the TSX VentureExchange under the symbol FTZ and on the OTCQB under the symbol FTZFF.
On behalf of Fitzroy Minerals Inc.
Merlin Marr-Johnson
President and CEO
For further information, please contact:
Merlin Marr-Johnson
mmj@fitzroyminerals.com
+44 7803 712280
For more information on Fitzroy Minerals, please visitthe Company's website: www.fitzroyminerals.com
This press release does not constitute an offer to sellor a solicitation of an offer to buy any of the securities in theUnited States. The securities have not been and will not be registeredunder the United States Securities Act of 1933, as amended, or anystate securities laws and may not be offered or sold within theUnited States or to or for the account or benefit of a U.S. person (asdefined in Regulation S under the United States Securities Act) unlessregistered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration isavailable.
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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