Arian Silver Corp Approval of Share Option Plan and Grant of Share Options

 
TIDMAGQ 
 
ARIAN 
                                    SILVER 
 
                                                                Trading Symbols 
                                                                       AIM: AGQ 
                                                                       FWB: I3A 
 
6 February 2017 
 
           Approval of Share Option Plan and Grant of Share Options 
 
Arian Silver Corporation ("Arian Silver" or the "Company") announces that upon 
the recommendation of the Company's Nomination & Remuneration Committee, a 
share option plan was adopted on 3 February 2017 (the "Share Option Plan") to 
succeed the Company's existing stock option plan (the "Prior Stock Option 
Plan"). The Share Option Plan provides for the award of options over the 
Company's common shares of no par value ("Common Shares") including 
HMRC-approved Enterprise Management Incentive ("EMI") share options. 
 
The implementation of this Share Option Plan is intended to align the interests 
of directors and eligible employees with shareholders, and to help attract 
talent in the future as the Company progresses the systematic exploration of 
its concessions and looks to develop new opportunities for growth. 
 
The Prior Stock Option Plan was approved by the Board in May 2012 over 10% of 
the issued share capital at that time. No further grants will be made under the 
Prior Stock Option Plan. Under the Share Option Plan, up to 10% of the 
Company's issued share capital at any time is reserved for issuance, such limit 
taking into account any residual share options subsisting under the previous 
stock option plan. 
 
Grant of Share Options 
 
Following the implementation of the Share Option Plan, the Nomination & 
Remuneration Committee has approved the discretionary grant of EMI share 
options to directors and employees over 6,250,000 Common Shares, exercisable at 
a price of GBP0.01 until 2 February 2022 and vesting immediately. 
 
The grant of options includes awards made to the following directors: 
 
Name of Director            Number of 
                             options 
 
A. J. Williams              2,500,000 
 
J. T. Williams              2,500,000 
 
Total                       5,000,000 
 
Messrs A.J Williams and J.T. Williams have the following interests in Common 
Shares: 
 
Director        No. Common Shares    % of issued 
                                       capital 
 
A. J. Williams      1,688,702           0.92% 
 
J. T. Williams      1,500,000           0.82% 
 
 
 
Director            No. Share     Exercise Price  Expiry Date 
                    Warrants 
 
A. J. Williams      1,688,702         GBP0.015      27 February 2019 
 
J. T. Williams      1,000,000         GBP0.015      27 February 2019 
 
Following the grant of share options, Messrs A.J Williams and J.T. Williams 
have the following interests in share options in the Company: 
 
Director              No. Options  Exercise Price  Expiry Date 
 
A. J. Williams            200,000      GBP0.70       29 May 2018 
                        2,500,000      GBP0.01       2 February 2022 
 
J. T. Williams            200,000      GBP0.70       29 May 2018 
                        2,500,000      GBP0.01       2 February 2022 
 
 
This announcement contains inside information for the purposes of Article 7 of 
Regulation (EU) 596/2014. 
 
For further information please contact: 
 
Arian Silver Corporation              Northland Capital Partners Limited 
Jim Williams, CEO                     Gerry Beaney / David Hignell 
David Taylor, Company Secretary       Tel: [phone] 
Tel: [phone] 
 
OR                                    OR 
 
Beaufort Securities Limited           Yellow Jersey PR Limited 
Jon Belliss                           Charles Goodwin / Dominic Barretto 
Tel: [phone]              Tel: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

February 06, 2017 02:00 ET (07:00 GMT)