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Carlyle Commodities Corp
Symbol CCC
Shares Issued 65,986,432
Close 2021-07-30 C$ 0.07
Recent Sedar Documents

Carlyle Commodities further amends Sunset option deal

2021-07-30 20:08 ET - News Release

Mr. Morgan Good reports

CARLYLE ANNOUNCES AMENDMENT TO SUNSET PROPERTY OPTION AGREEMENT AND ENTERS INTO CONSULTING AGREEMENT

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.

Consulting agreement

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.

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