Asiamet Resources Limited ("ARS") announces that pursuant to the Company's shareholder approved Stock Option Plan, the Company's Board of Directors granted a total of 6,000,000 Incentive Stock Options ("Options") to Directors and granted a total of 3,650,000 Options to employees and consultants for a total of 9,650,000 shares of the Company's capital stock, that are exercisable between August 31, 2015, and August 31, 2020, at an exercise price of C$0.05 per share, being the minimum price allowable under TSX Venture Exchange policies. 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 employee's and consultants receiving Stock Options as part of this grant have all agreed to forego short term incentive bonus payments, accept frozen or reduced salaries/ fees for 2015. Directors have agreed to take no fees for 2015.
The number of Options granted to the Directors subject to these arrangements and their resultant beneficial interests in the capital of the Company are as follows:
|
Director
|
Number Options granted August 31, 2015
|
Total Options granted pursuant to Plan
|
Number of common shares held
|
|
Peter Pollard
|
400,000
|
1,050,000
|
408,501
|
|
Tony Manini
|
3,000,000
|
3,000,000
|
11,079,618
|
|
Faldi Ismail
|
300,000
|
3,000,000
|
5,196,000
|
|
Raynard von Hahn
|
300,000
|
600,000
|
160,994
|
|
Stephen Hughes
|
2,000,000
|
3,000,000
|
1,032,247
|
|
|
6,000,000
|
10,650,000
|
17,877,360
|
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Deputy Chairman and CEO
For further information please contact:
-Ends-
Tony Manini
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email:
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email:
Kalimantan Gold's Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: /
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.