Aurvista Gold Corporation: Board Announces Grant of Incentive Options
18.11.2015 | Accesswire
MONTREAL, November 18, 2015 - Aurvista Gold Corp. (TSXV: AVA) ("Aurvista" or the "Company") wishes to inform its shareholders that the Board of Directors has approved the issuance of incentive options to certain directors, officers and consultants of the Company. The Company announces that it has granted an aggregate of 3,000,000 options to purchase common shares of the Company exercisable at a price of $0.10 per share for a period of 5 years, to certain directors, officers and consultants of the Company. 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 and are in accordance with policies within the TSX Venture Exchange. The stock options will be subject to a vesting schedule with 1/4 to vest immediately and 1/4 to vest on each anniversary of the grant date until the options are fully vested.About Aurvista Gold
Aurvista's only asset is the Douay Gold Project ("Douay"), consisting of a 100% owned interest in 250 contiguous claims totaling 13,310 hectares or 133.1 sq. km. plus a 90% interest in 5 contiguous claims totaling 23 hectares or 0.2 sq. km. plus a 75% interest in 32 contiguous claims totaling 1,194 hectares or 11.9 sq. km. in total 287 claims totaling 14,527 hectares or 145.3 sq. km. located along a 20 km segment of the Casa Berardi Deformation Zone in the prolific Abitibi Greenstone Belt of northern Quebec.
Details of the Douay Gold Project can be viewed on the Company's website at www.aurvistagold.com
For further information please contact
Aurvista Gold Corp.
Jean Lafleur, President and CEO
Telephone: (416) 682-2674
Facsimile: (416) 504-4129
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