Asian Mineral Resources Issuance of Shares
January 10 2014 - 6:13PM
Marketwired
Asian Mineral Resources Issuance of Shares
TORONTO, ONTARIO--(Marketwired - Jan 10, 2014) - Asian Mineral
Resources Limited (TSX-VENTURE:ASN) ("AMR") has today issued common
shares (the "Shares") to certain of its directors as compensation
for directors' fees in lieu of cash payment for services performed
during the fourth quarter of 2013. The Shares were issued pursuant
to the terms of share compensation agreements with each of Jan
Castro, Michael Brown, Stephen Gill, James Askew and Christopher
Castle as previously announced in press releases dated July 2,
2013, July 11, 2013 and October 24, 2013. The Shares, which are
subject to a hold period of four months in accordance with the
policies of the TSX-V, were issued at a price of $0.05 per Share as
follows:
Director |
Common shares |
|
|
Jan Castro |
425,441 |
Michael Brown |
319,081 |
Stephen Gill |
250,000 |
James Askew |
195,652 |
Christopher Castle |
234,783 |
The Company is eligible to issue up to 10% of its issued and
outstanding common shares at the applicable time under its stock
option plan and there are 20,616,781 common shares of the Company
reserved for issuance.
Company Profile:
Asian Mineral Resources Limited is a Canadian TSX-V listed
company with a nickel producing mine, the Ban Phuc Nickel Project,
located 160 km north-west of Hanoi in Son La Province, Vietnam. The
project produces a high-quality nickel concentrate, with a
significant copper by-product. For further details on the Ban Phuc
Nickel Project and AMR, please refer to the technical report
entitled "NI 43-101 Technical Report - Ban Phuc Nickel Project"
dated February 15, 2013 available on SEDAR, and also visit the
company website at www.asianminres.com.
Forward-Looking Statements
This press release includes certain "Forward-Looking
Statements". All statements, other than statements of historical
fact, included herein, including without limitation, statements
regarding completion of the project and the achievement of expected
benefits, potential mineralization and reserves, exploration
results and future plans and objectives of AMR are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from AMR's expectations are
disclosed under the heading "Risk Factors" in AMR's Annual
Information Form and elsewhere in AMR's documents filed from
time-to-time with the TSX Venture Exchange and other regulatory
authorities. Forward‐looking statements are qualified entirely by
this cautionary statement and are given only as at the date of this
press release. AMR disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Asian Mineral Resources LimitedPaula KemberCorporate Secretary+1
(416) 360-3412
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