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Sendero Resources Announces Update on Historic RSU Grant
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Sendero Resources Announces Update on Historic RSU Grant
VANCOUVER, BC / ACCESS Newswire / January 24, 2025 / Sendero Resources Corp. (TSXV:SEND) (the "Company" or "Sendero") The Company announces that certain previously issued shares have been placed in escrow. On June 4, 2024, the Company granted 350,000 restricted share units (RSUs) on a post-consolidated basis to former directors and officers of the Company, which were deemed to have been vested effective July 31, 2024. The TSXV has stipulated that those shares either be returned to treasury or be placed into escrow on terms equivalent to the original vesting restrictions.
The shares have been placed in escrow with Odyssey Trust Company to be released as to 25,000 shares on June 4, 2025, 205,000 shares on June 5, 2025, 60,000 shares on December 5, 2025 and the balance of 60,000 shares on June 5, 2026.
About Sendero Resources Corp.
The Company is focused on copper-gold exploration at its 100% owned Peñas Negras Project in the Vicuña Belt in Argentina. The Peñas Negras Project has similar geological characteristics to other deposits in the Vicuña Belt and a cluster of porphyry and epithermal targets have been identified on the project. The Company, through its wholly owned subsidiary, Barton SAS, is the holder of ten granted mining concessions covering 120 km2 in the province of La Rioja, Argentina. The Company also has an option agreement to earn 80% interest on eight granted mining concessions covering 91.7 km2 adjacent to the east of the Peñas Negras Project.
Further Information
For further information, please contact:
Sendero Resources Corp,
Alex Gostevskikh Chief Executive Officer
+1 888 455 7620
Email:[email protected]
Cautionary Statement on Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
Cautionary Statement
Neither the 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.
SOURCE: Sendero Resources
View the original press release on ACCESS Newswire
L.Herrero--HdM
