KELOWNA,
BC, April 30, 2024 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company")
announces that, in accordance with the Company's Stock Option Plan,
it has granted an aggregate of 2,100,000 options to certain
directors, officers, and consultants of the Company. The
options are exercisable at a price of $0.50 and have a term of 7 years expiring
April 26, 2031. The options
also vest in their entirety at the end of 5 years, provided that if
an optionee ceases to bee a bona fide service provider prior to the
vesting of their options, a pro rata portion of such optionee's
options shall vest and the remainder shall be cancelled.
Signed,
Charles Fipke
Dr. Charles Fipke, CM
Chairman
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. Information set forth in this news
release includes forward-looking statements under applicable
securities laws. Forward-looking statements are statements that
relate to future, not past, events. In this context,
forward-looking statements often address expected future business
and financial performance, and often contain words such as
"anticipate", "believe", "plan", "estimate", "expect", and
"intend", statements that an action or event "may", "might",
"could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical
fact, included herein are forward-looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks identified in
the management discussion and analysis section of the Company's
interim and most recent annual financial statements or other
reports and filings with Canadian securities regulators. Forward
looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
respective companies undertake no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
SOURCE Cantex Mine Development Corp.