VANCOUVER, BC / ACCESSWIRE / April 29, 2022 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQB:SMDRF) (“Sierra Madre” or the “Firm”) is happy to announce it has made the ultimate cost of USD$50,000 to amass 100% of the Tepic Silver/Gold Mission in Nayarit, Mexico. The corporate is within the course of of getting the licenses transferred into its totally owned subsidiary, PITA Exploration S. DE R.L. DE C.V.
Sierra Madre additionally pronounces that, pursuant to its Inventory Possibility Plan, it has granted inventory choices to sure consultants to buy an combination of 500,000 frequent shares of the Firm on the value of $0.74 per share for a interval of 5 years from the grant date. The choices will vest 1/3 instantly as of the date of grant; 1/3 six months after the date of the grant; and 1/3 twelve months after the date of the grant. This inventory choice grant is topic to acceptance by the TSX Enterprise Alternate.
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About Sierra Madre
Sierra Madre Gold and Silver Ltd. is a mineral exploration firm, at present centered on the acquisition, exploration and improvement of the Tepic and La Tigra Properties in Nayarit, Mexico. The Firm has an skilled administration workforce with a confirmed observe report of wealth creation in Mexico via undertaking discovery, development, and monetization. Sierra Madre’s key goal is to advance exploration on the Tepic and La Tigra Properties to find out whether or not they include commercially exploitable deposits of treasured or base metals.
On behalf of the board of administrators of Sierra Madre Gold and Silver Ltd.,
“Alexander Langer”
Alexander Langer
President, Chief Govt Officer and Director
CONTACT:
[email protected]
Cautionary Word
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.
SOURCE: Sierra Madre Gold and Silver
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https://www.accesswire.com/699378/Sierra-Madre-Makes-Remaining-Cost-for-Tepic-Mission-Nararit-Mexico