Aurvista Gold Corporation Board Announces Grant of Incentive Options to VP Engineering
Montreal, Quebec--(Newsfile Corp. - September 15, 2014) - Aurvista Gold Corporation (TSXV: AVA) ("Aurvista" or the "Company") wishes to inform its shareholders that the Board of Directors has approved the issuance of incentive options to Christopher Sharpe, VP Engineering. The Company announces that it has granted an aggregate of 275,000 options to purchase common shares of the Company exercisable at a price of $0.12 per share for a period of 5 years. The options are priced above the current trading price of Aurvista shares on the TSX-V to demonstrate the Board's ongoing commitment to creating shareholder value. These incentive options, as well as the terms and conditions of their exercise, are governed by the Company's Stock Option Plan which is in accordance with policies within the TSX Venture Exchange. The options vest 75,000 on the date of grant, with an additional 100,000 vesting on each of the next two anniversaries of the date of grant.
Mr. Sharpe's firm, Coyote Mining Inc. was engaged April 1, 2014 to advance the engineering and permitting processes to assess the potential including the economics of bringing the Douay West Zone into production. The Company has now committed to an engineering budget of $917,000 in rock slope engineering, overburden investigation and slope design, hydrogeological investigation and design, environmental baseline testing, metallurgy, resource infill drilling and resource modelling.
About Aurvista Gold
Aurvista Gold Corp. is a junior gold exploration and development company. Aurvista's principal asset is the Douay Gold Project, consisting of 221 wholly owned claims totaling approximately 11,430 hectares. The Douay Project's North West Zone has 32 designated claims for a total of 1,193 hectares and is in a Joint Venture agreement with SOQUEM. The Douay Project is located on the Casa Berardi Fault in northern Quebec. The Douay Project contains a NI 43-101 compliant Mineral Resource of 114,652,000 million tonnes at 0.75 g/t gold (2.8 million ounces of gold) in the Inferred category and 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Measured and Indicated category, at a cut-off of 0.3 g/t gold. Details of the Douay Gold Project can be viewed on the Company's website at www.aurvistagold.com.
Forward-Looking Statements
This news release may contain forward-looking statements based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.aurvistagold.com.
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For further information:
Aurvista Gold Corp.
Bryan Keeler, CFO
Telephone: (416) 504-4126
Facsimile: (416) 504-4129
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