Vancouver, British Columbia (FSCwire) - Asiamet Resources Ltd. (“ARS”) announces that pursuant to the Company’s shareholder approved Stock Option Plan, the Company’s Board of Directors granted a total of 6,000,000 Incentive Stock Options (“Options”) to Directors and granted a total of 3,650,000 Options to employees and consultants for a total of 9,650,000 shares of the Company’s capital stock, that are exercisable between August 31, 2015, and August 31, 2020, at an exercise price of C$0.05 per share, being the minimum price allowable under TSX Venture Exchange policies. 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 employee’s and consultants receiving Stock Options as part of this grant have all agreed to forego short term incentive bonus payments, accept frozen or reduced salaries/ fees for 2015. Directors have agreed to take no fees for 2015.
The number of Options granted to the Directors subject to these arrangements and their resultant beneficial interests in the capital of the Company are as follows:
Director
Number Options granted August 31, 2015
Total Options granted pursuant to Plan
Number of common shares held
Peter Pollard
400,000
1,050,000
408,501
Tony Manini
3,000,000
3,000,000
11,079,618
Faldi Ismail
300,000
3,000,000
5,196,000
Raynard von Hahn
300,000
600,000
160,994
Stephen Hughes
2,000,000
3,000,000
1,032,247
6,000,000
10,650,000
17,877,360
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
VSA Capital Limited Andrew Raca / Justin McKeegan Telephone: +44 20 3005 5004 / +44 20 3005 5009 Email: araca@vsacapital.com
Kalimantan Gold's Nominated Adviser RFC Ambrian Limited Andrew Thomson / Oliver Morse Telephone: +61 8 9480 2500 Email: andrew.thomson@rfcambrian.com / Oliver.Morse@rfcambrian.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.
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