Ayubowan Capital Enters Into Two Mineral Exploration and Option Agreements to Acquire Silver Rich – Zinc Lead Copper Carbonate Replacement Concessions in Mexico

Ayubowan Capital (the “Company”) (NEX:AYB.H) is pleased to announce that it has entered into a mineral exploration and option agreement (the “Puerto Rico Option Agreement”) dated April 7, 2017, with Jesus Miguel Hernandez Garza and Juan Reynaldo Elizondo Falcon (together, the “Vendors”), providing an option (the “Option”) to acquire certain mineral concessions (the “Mineral Concessions”) located in Ocampo, Coahuila, Mexico (the “Proposed Transaction”), forming part of the Puerto Rico exploration project (the “Puerto Rico Property”).
In addition, the Company has entered into a second mineral exploration and option agreement (the “Renata Option Agreement”) dated April 20, 2017, also with the Vendors, providing an option to acquire a certain mineral concession (the “Renata Concession”) also located in Ocampo, Coahuila, Mexico comprising the Renata exploration project (the “Renata Property”).
As quoted in the press release:

The Company is currently listed on NEX and it is intended that the Proposed Transaction will constitute its “reactivation” as defined under the policies of the TSX Venture Exchange (the “Exchange”). Upon completion of the Proposed Transaction and meeting all the conditions of the Exchange, the Company will have its listing transferred from NEX to the Exchange.
The Proposed Transaction will constitute a Change of Business and the Puerto Rico Property will be the Company’s Qualifying Property under Exchange policies. Upon completion of the Proposed Transaction the Company will operate as a junior mining / exploration company.

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