Trading Symbol: TSX-V: ZFR
OTC-ZPHYF
Shares Outstanding: 71,086,985
HALIFAX, NS , Jan. 17,
2023 /CNW/ - Zephyr Minerals Ltd. (TSXV: ZFR)
("Zephyr" or the "Company") has granted 1,200,000
stock options to consultants and directors and officers of the
Company. The stock options are exercisable at a price of
$0.11 per share for a term of five
years expiring January 17, 2028. The
options are granted in accordance with the Company's incentive
stock option plan and as set forth by the TSX Venture Exchange
("TSX-V") policy and are subject to the approval of the TSX-V.
About Zephyr Minerals
Ltd.
Zephyr Minerals Ltd. is active in mineral exploration in
Colorado, USA and Zimbabwe. In Colorado Zephyr has been focused
on mine permitting activities at its 100% owned Dawson gold
property, which is presently in hiatus pending the collection and
submission of additional water well data and satisfying certain
other environmental related questions. The additional required
water wells are still in the planning stage and will be drilled
once available funds are in hand. Upon collection of the additional
data the Company plans to reapply for a mining permit at
Dawson.
In Zimbabwe the Company is
working to build a mineral property portfolio and to this end has
applied for two Exclusive Prospecting Orders covering 124,000
hectares. Zephyr is actively assessing additional mineral
opportunities in Zimbabwe on an
ongoing basis. Zimbabwe boasts
favourable foreign ownership rules for mineral properties as well
as prospective, underexplored Archean greenstone belts.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The forward-looking statements contained in this
document may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not
statements of fact. The forward-looking statements contained in
this document are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
SOURCE Zephyr Minerals Ltd.