Mr. Morgan Good reports
CARLYLE ANNOUNCES AMENDMENT TO SUNSET
PROPERTY OPTION AGREEMENT AND ENTERS INTO CONSULTING
Carlyle Commodities Corp. has entered into an agreement to amend the
terms of its option agreement dated Nov. 7, 2018, as amended on May 9, 2018, May 25, 2018, June
25, 2018, and April 24, 2020, whereby the company has an option
to earn a 100-per-cent interest in the Sunset mineral property, located in the Vancouver mining division, British Columbia.
The company has entered into the amending agreement to amend the terms of the option agreement,
pursuant to which the company has an option to earn a 100-per-cent interest in the Sunset mineral property,
located in the Vancouver mining division, British Columbia. Under the terms of the amending agreement, the company
has extended the second and third scheduled payments of exploration expenditures, respectively, to
Dec. 31, 2021 (as to $200,000), and Dec. 31, 2022 (as to $700,000). A copy of the amending agreement has been filed under Carlyle's profile on SEDAR.
On July 5, 2021, the company entered into a consultant agreement with an
independent consultant pursuant to which the consultant agreed to provide the company
general corporate development activities for an initial six-month term. As
consideration for the services provided by the consultant, Carlyle shall issue common shares to the consultant at a price per share equal to the lowest permitted price by the applicable
policies of the Canadian Securities Exchange at the end of each month of the term for the services
rendered that month. Accordingly, the shares are to be issued pursuant to the prospectus exemption
provided under Section 2.24 of National Instrument 45-106 (Prospectus Exemptions).
About Carlyle Commodities Corp.
Carlyle is a mineral exploration company focused on the acquisition, exploration and development of
mineral resource properties. The company has an option to earn a 100-per-cent interest in the Cecilia gold-silver
project located in the state of Sonora, Mexico. Carlyle owns 100 per cent of the Newton gold project in the
Clinton mining division of British Columbia, as well as has formed a strategic partnership with HDI (the Hunter Dickinson
Group) and a 50-50 joint venture with HDI affiliate United Mineral Services Ltd. on the Mack
project located in B.C. The company also holds an option to earn a 100-per-cent interest in the promising Sunset
property located in the Vancouver mining division near Pemberton, B.C. Carlyle is based in Vancouver,
B.C., and is listed on the CSE under the symbol CCC.
© 2021 Canjex Publishing Ltd. All rights reserved.