| Latin American Minerals Grants Incentive Stock Options | |
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January 4, 2016 - Toronto, Ontario - Latin American Minerals Inc. (TSXV: LAT) (the 'Company') announces that it has granted, on December 31, 2015, incentive stock options to its directors, officers, a key employee and a consultant, exercisable to purchase up to 2,325,000 common shares in the capital of the Company until December 31, 2020, except for the consultant, which will be until December 31, 2017, at an exercise price of $0.12 per share. The incentive stock options were granted at a 20% premium to market at close of business on Dec. 30, 2015, are in accordance with the Company's Stock Option Plan and vested immediately upon issuance.
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold and Diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass heap-leach recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession.
Management has identified six gold zones for drill testing on the Company's adjacent exploration claims, which are part of the Company's 15,020 hectare Paso Yobai gold project.
For more information, please contact:
Basil Botha, Chairman
Vancouver: (1-604) 418-3856 or Toronto: (1-416) 363-0841
E-mail: [email protected]
Website: www.latinamericanminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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Latin American Minerals Inc.
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EXPLORATION STAGE |
CODE : LAT.V |
ISIN : CA51827X1015 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Latin American Min. is a gold exploration company based in Canada. Latin American Min. holds various exploration projects in Argentina, in Colombia and in Paraguay. Its main exploration properties are LA CAROLINA, RIO TENDAL and USPALLATA GRABEN in Argentina, PASO YOBAI in Paraguay and ESMERALDA (LATIN AMERICAN) in Colombia. Latin American Min. is listed in Canada. Its market capitalisation is CA$ 2.5 millions as of today (US$ 1.9 millions, € 1.6 millions). Its stock quote reached its highest recent level on June 20, 2014 at CA$ 2.50, and its lowest recent point on June 19, 2020 at CA$ 0.01. Latin American Min. has 70 440 000 shares outstanding. |