Asiamet Resources Limited Asiamet Resources Limited : Miscellaneous Option Grants

 
TIDMARS 
 
 
   Asiamet Resources Grants Options 
 
   Asiamet Resources Limited (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: 
 
 
 
 
           Number Options granted     Total Options           Total Options 
Director      November 1, 2016      previously granted   granted pursuant to Plan 
Peter 
 Pollard                  500,000         1,000,000(1)                  1,500,000 
Tony 
 Manini                 3,750,000         3,000,000(2)                  6,750,000 
Faldi 
 Ismail                   400,000         1,200,000(3)                  1,600,000 
Raynard 
 von 
 Hahn                     400,000           600,000(4)                  1,000,000 
Stephen 
 Hughes                 2,500,000         3,000,000(5)                  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 Limited 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   FlowComms Limited 
 
   Sasha Sethi 
 
   Telephone: [phone] 
 
   Email: [e-mail] / [e-mail] 
 
 
 
 
 
   Asiamet Resources Nominated Adviser 
 
   RFC Ambrian Limited 
 
   Andrew Thomson / Oliver Morse 
 
   Telephone: [phone] 
 
   Email: [e-mail] / [e-mail] 
 
   VSA Capital Limited 
 
   Andrew Raca / Justin McKeegan 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   Optiva Securities Limited 
 
   Christian Dennis 
 
   Telephone: [phone] 
 
   Email: [e-mail] 
 
   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. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Asiamet Resources Limited via Globenewswire 
 
 
  http://www.asiametresources.com 
 

(END) Dow Jones Newswires

November 02, 2016 02:01 ET (06:01 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.