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Sphinx Resources Ltd.
Summary
| Project: | Calumet-Sud | |
|---|---|---|
| Deposit: | Calumet-Sud | |
| Location: | Canada | |
| Commodities: | Zinc | |
| Date: | 5/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-5-2019: Sphinx Resources Ltd. announces an Exploration/Drilling Update report for its Calumet-Sud deposit at the Calumet-Sud project. Drilling results incl. 5.0m @ 2.19% Zn from 117.0m. Montréal, May 17, 2019 - Sphinx Resources Ltd. (“Sphinx” or the “C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Normand Champigny, Michel Gauthier (Internal) | |
| ABSTRACT: | Montréal, May 17, 2019 - Sphinx Resources Ltd. (“Sphinx” or the “Corporation”) (TSX-V: SFX) announces that a total of 175,000 stock options (the “Options”) have been granted to Lawrence Cannon who was appointed a Director of the Corporation effective May 14, 2019. These Options have been granted in accordance with Sphinx’s stock option plan and have an exercise price of $0.10 per share, are exercisable during a 10- year period and vest as to 1/3 of the number on the date of grant, 1/3 on the first anniversary of the grant and the final 1/3 on the second anniversary of the grant. In addition, the Corporation reached an agreement with a service provider to issue, subject to prior approval of the TSX Venture Exchange (the “Exchange”), an aggregate of 1,149,740 common shares at a price per common share of $0.05 in settlement of an aggregate of $57,487 of outstanding debt. The common shares issued will be subject to a four-month hold period. | |
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