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Asian Mineral Resources Announces Results of Annual & Special Meeting

Jul 11 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 07/11/13 -- Asian Mineral Resources Limited ("AMR") (TSX VENTURE: ASN) is pleased to announce that all resolutions presented before its shareholders at the Annual & Special Meeting held yesterday, including board membership, appointment of auditors and approval of the continuance of AMR's stock option plan were passed. Elected as directors were James Askew, Michael Brown, Christopher Castle, Jan Castro, Robin Widdup and Stephen Gill.

AMR also announces that it has entered into a share compensation agreement ("Compensation Agreement") with Mr Gill to receive payment of his director's fees in the form of common shares of AMR ("Shares") in lieu of cash payment. The Compensation Agreement is subject to the approval of the TSX-V. Under the terms of the Compensation Agreement, Mr Gill will be issued with such number of Shares calculated based on the volume weighted average trading price of the Shares on the TSX-V for the twenty trading days immediately preceding the applicable quarter-end of each calendar quarter. The Shares will be subject to a hold period of four months in accordance with the policies of the TSX-V.

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 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.

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.



Contacts:
Asian Mineral Resources Limited
Paula Kember
Chief Financial Officer
+1 (416) 360-3412
www.asianminres.com





Source: Marketwire