Vancouver, British Columbia – (Newsfile Corp. – July 30, 2021) – The Carlyle Commodity Company. (CSE: CCC) (FSE: 1OZA) (OTC: DLRYF) (“Carlisle“or the”company“) declares that it has entered into an amendment agreement (”Modify the agreement“) to amend the terms of the Option Agreement dated November 7, 2018, as amended on May 9, 2018, May 25, 2018, June 25, 2018, and April 24, 2020 (together referred to as “”)Option Agreement‘), where the company has an option to acquire a 100% stake in Sunset’s mineral property, located in the mining division of Vancouver, British Columbia.
The Company has entered into an Amendment Agreement to amend the terms of the Option Agreement, under which the Company has an option to acquire a 100% interest in the Sunset mineral property, located in the Mining Division of Vancouver, British Columbia Under the terms of the Amendment Agreement, the Company has extended the second and third scheduled payments of exploration expenditures until December 31 2021 (in the amount of $200,000) and December 31, 2022 (in the amount of $700,000). A copy of the amended agreement is filed under Carlyle’s profile on SEDAR.
On July 5, 2021, the Company entered into a Consultant Agreement (“Consultant Agreement”) with an self-reliant consultant (“Consultant”) in accordance with which the Consultant has agreed to provide the Company’s general company development activities (“Services”) for an initial period of 6 months (“Term”) . As consideration for the services rendered by the consultant, Carlyle is required to issue average shares (each, “Involved“) to the Consultant at a share price equal to the lowest price permitted under the applicable policies of the Canadian Stock Exchange (“custom search engine”) at the end of each month of the term of services rendered in that month. Accordingly, the shares will be issued in accordance with the exemption contained in the prospectus provided for in Section 2.24 of National Instrument 45-106- Prospectus Exemptions.
Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. The company has an option to earn 100% interest on the Cecilia Gold-Silver project located in the state of Sonora, Mexico. Carlisle owns 100% of the Newton Gold project in the Clinton Mining division of British Columbia, has also formed a strategic partnership with HDI (the Hunter Dickinson Group) and formed a 50-50 joint venture with HDI’s United Mineral Services. On the Mack project located in British Columbia, the company also has an option to earn 100% interest on the promising Sunset property located in the Vancouver Mining Division near Pemberton, BC Carlyle is based in Vancouver, British Columbia and is CSE listed under the symbol “CCC”.
On behalf of the board of directors
The Carlyle Commodity Company.
Chief Executive Officer
For more information on this press release, please contact:
Morgan Goode, CEO and Director
Email: morgan@carlylec Goods.com
W: www.carlylec Goods.com
The Canadian Stock Exchange (operated by CNSX Markets Inc.) has neither approved nor rejected the contents of this press release.
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