MANTARO PRECIOUS METALS CORP. GRANTS OPTIONS

Rhea-AI Summary

Mantaro Precious Metals Corp. (OTCQB: MSLVF) has announced the granting of options to purchase 3,100,000 common shares to its directors, officers, and consultants. Each option can be exercised at $0.05 per share for a duration of five years from the grant date. This strategic move aims to align the interests of insiders with those of shareholders.

The company focuses on gold and silver properties in Bolivia and Peru, including the advanced Golden Hill property in Bolivia and the high-grade Santas Gloria silver property in Peru.

Positive

• Granting options to purchase 3,100,000 shares aligns directors' interests with shareholders.
• The company has a diversified portfolio of gold and silver properties in Bolivia and Peru.

Negative

• Potential dilution of existing shares due to the option grant.

VANCOUVER, BC, Feb. 27, 2023 /PRNewswire/ - MANTARO PRECIOUS METALS CORP. (TSXV: MNTR); (OTCQB: MSLVF); (FSE: 9TZ) (the "Company") announces it has granted options to purchase 3,100,000 common shares to its directors, officers and consultants.  Each option will be exercisable at a price of $0.05 per share for a period of five years from the date of grant.  

About Mantaro Precious Metals Corp.

Mantaro Precious Metals Corp. is a British Columbia company that holds a diversified portfolio of gold and silver focused mineral properties in Bolivia and Peru. The Company holds an option to acquire up to an 80% interest in the advanced Golden Hill orogenic gold property ("Golden Hill"), located in the underexplored Precambrian Shield, Bolivia.

In Peru, the Company has a 100% interest in the high-grade Santas Gloria silver property as well as a 100% interest in each of the La Purisima, Cerro Luque and Huaranay properties.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information. 

The forward-looking statements contained in this news release are made as of the date of this news release.  Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Mantaro Precious Metals Corp.

FAQ

What is the stock symbol for Mantaro Precious Metals Corp.?

The stock symbol for Mantaro Precious Metals Corp. is MSLVF.

How many options were granted by Mantaro Precious Metals Corp.?

Mantaro Precious Metals Corp. granted options to purchase 3,100,000 common shares.

What is the exercise price of the options granted by Mantaro Precious Metals Corp.?

The exercise price of the options granted is $0.05 per share.

What is the duration for which the options can be exercised?

The options can be exercised for a period of five years from the date of grant.