TORONTO, ONTARIO -- (Marketwired) -- 08/23/13 -- Asian Mineral Resources Limited ("AMR") (TSX VENTURE: ASN) has today granted stock options to certain of its corporate officers, pursuant to the terms of its stock option plan. Stock options were issued to its Chief Executive Officer, Simon Booth, in the amount of 2,100,000; to its Chief Financial Officer, John Tasovac, in the amount of 2,000,000; and to its Corporate Secretary, Paula Kember, in the amount of 400,000.
The options were granted with a five year term and an exercise price of CDN$0.10 per common share of AMR and will vest quarterly in four equal portions on September 30, 2013, December 31, 2013, March 31, 2014 and June 30, 2014. 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 17,903,473 common shares of AMR reserved for issuance.
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.
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 Limited
+1 (416) 360-3412
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