Fitzroy Minerals Announces Grant of Stock Options
July 11, 2025
Fitzroy Minerals Announces Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA, July 11, 2025 – FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF)
(“Fitzroy Minerals” or the "Company") is pleased to announce that it 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, and consultants of the Company under the Company’s stock option plan (the
“Plan”).
The Options are exercisable at the price of $0.35 per Common Share until July 11, 2030, subject to any
earlier termination in accordance with the Plan. All Options vested immediately on the date of grant. All
Options and the Common Shares underlying such Options are subject to a hold period of four months and
one day from the date of issuance. The grant of Options to certain directors and officers constitutes a
related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security
Holders in Special Transactions (“ MI 61-101”). The Company is exempt from the requirements to obtain
a formal valuation and minority shareholder approval in connection with the grant of Options to related
parties in reliance on the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively,
as the Company is not listed on a specified market and the fair market value of the Options does not
exceed 25% of the Company’s market capitalization.
About Fitzroy Minerals
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential
in the Americas. The Company’s current property portfolio includes the Caballos Copper and Polimet Gold-
Copper-Silver projects located in Valparaiso, Chile, and the Taquetren Gold project located in Rio Negro,
Argentina, as well as the Caribou project in British Columbia, Canada. Fitzroy Minerals’ shares are listed
on the TSX Venture Exchange 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
+44 7803 712280
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For more information on Fitzroy Minerals, please visit the Company's website: www.fitzroyminerals.com
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the
United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the
United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.
Neither 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 release.