Salazar Resources Grants Stock Options

Rhea-AI Summary

Salazar Resources has granted stock options to its directors and officers. These options allow the purchase of up to 4,950,000 common shares at a price of $0.105 per share. The stock options have a five-year term. This move aims to incentivize the company's leadership and align their interests with shareholders.

Positive

• Granting of stock options can motivate directors and officers, aligning their interests with shareholders.
• The option price is set at $0.105 per share, providing an incentive if the stock price rises.

Negative

• Potential dilution of existing shares due to the issuance of 4,950,000 new shares.
• The five-year term could be seen as a long period of dilution risk for current shareholders.

Vancouver, British Columbia--(Newsfile Corp. - May 16, 2024) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company") announces the granting of stock options to directors and officers of the Company for the purchase of up to 4,950,000 common shares, at a price of $0.105 per share, for a period of five years.

About Salazar
Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

For further information from Salazar Resources, please contact Nick DeMare, Director, at ndemare@chasemgt.com or at 604-685-9316. Please also visit the Salazar Resources website at www.salazarresources.com.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209546

FAQ

What is the stock symbol for Salazar Resources?

The stock symbol for Salazar Resources is SRLZF.

How many stock options were granted by Salazar Resources?

Salazar Resources granted stock options for the purchase of up to 4,950,000 common shares.

What is the exercise price for the stock options granted by Salazar Resources?

The exercise price for the stock options is $0.105 per share.

What is the duration of the stock options granted by Salazar Resources?

The stock options have a term of five years.

To whom did Salazar Resources grant stock options?

The stock options were granted to directors and officers of Salazar Resources.