Asiamet Resources Grants Options
Vancouver, British Columbia (FSCwire) - Asiamet Resources Ltd. (the “Company”) announces that pursuant to the Company’s shareholder approved Stock Option Plan, the Company’s Board of Directors granted a total of 1,300,000 Incentive Stock Options (“Options”) to non-executive Directors and granted a total of 9,200,000 Options to employees (including executive Directors) and consultants for a total of 10,500,000 shares of the Company’s capital stock, that are exercisable between November 1, 2016, and November 1, 2021, at an exercise price of C$0.065 per share, being a premium to the current market price. The common shares issued upon exercise of options granted will be subject to any applicable regulatory hold periods.
In recognition of the difficult market conditions currently faced by the Company, the employees and consultants receiving Options as part of this grant have all agreed to forego short term incentive bonus payments, and accept frozen or reduced salaries/ fees for 2016. Directors have agreed to take no fees for 2016.
The share holdings and warrant holdings of the Directors in the company remain unchanged, while the number of Options granted to the Directors subject to these arrangements and their resultant Options holding in the Company are as follows:
| Director | Number Options granted November 1, 2016 | Total Options previously granted | Total Options granted pursuant to Plan |
| Peter Pollard | 500,000 | 1,000,0001 | 1,500,000 |
| Tony Manini | 3,750,000 | 3,000,0002 | 6,750,000 |
| Faldi Ismail | 400,000 | 1,200,0003 | 1,600,000 |
| Raynard von Hahn | 400,000 | 600,0004 | 1,000,000 |
| Stephen Hughes | 2,500,000 | 3,000,0005 | 5,500,000 |
| 7,550,000 | 8,800,000 | 16,350,000 | |
1. 300,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 400,000 options with an exercise price of $0.05 and expiring August 6, 2020
2. 3,000,000 options with an exercise price of $0.05 and expiring August 6, 2020
3. 500,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 400,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 300,000 options with an exercise price of $0.05 and expiring August 6, 2020
4. 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 300,000 options with an exercise price of $0.05 and expiring August 6, 2020
5. 1,000,000 options with an exercise price of C$0.05 and expiring October 6, 2019 and 2,000,000 options with an exercise price of $0.05 and expiring August 6, 2020
Asiamet now has the following shares, options and warrants on issue:
- 622,984,168 fully paid ordinary shares
- 4,282,200 C$0.10 options expiring 1 July 2018
- 3,050,000 C$0.05 options expiring 6 October 2019
- 9,250,000 C$0.05 options expiring 31 August 2020
- 10,500,000 C$0.065 options expiring 1 November 2021
- 1,708,746 C$0.12 warrants expiring 13 May 2017
- 5,416,666 C$0.05 warrants expiring 1 June 2017
- 1,874,364 C$0.05 warrants expiring 5 November 2017
- 2,147,581 C$0.06 warrants expiring 26 April 2018
- 3,533,747 C$0.10 warrants expiring 13 April 2019
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Deputy Chairman and CEO
-Ends-
For further information, please contact:
Tony Manini
Deputy Chairman and CEO, Asiamet Resources Ltd.
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com / Mehrdad@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Oliver.Morse@rfcambrian.com
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/asiamet11022016_0.pdf
Source: Asiamet Resources Ltd. (TSX Venture:ARS, AIM:ARS)
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