For Immediate
Release
TSX Venture Exchange
12 October,
2016
and AIM
Vancouver, British
Columbia
Symbol: ARS
Asiamet Resources
– warrants lapse
Asiamet Resources Limited ("ARS" or the “Company”) advises that
5,277,674 warrants with an exercise price of C$0.10 have lapsed following their expiry on
2 October 2016 (“Expired Warrants”).
The Expired Warrants were held by (among others) Asiamet directors
Tony Manini (1,529,761 Expired
Warrants) and Stephen Hughes
(305,952 Expired Warrants). The share holdings and options holdings
of each of the directors remains unchanged, while the warrants held
by each director comprise:
Tony Manini (all directly held):
Stephen Hughes (all directly
held):
Warrants Expiry
Date Ex.
Price Warrants
Expiry Date Ex. Price
269,575 13-May-2017 C$0.12 81,628 13-May-2017
C$0.12
164,878 13-May-2017 C$0.12 49,931 13-May-2017
C$0.12
917,857 13-Apr-2019 C$0.10 611,904
13-Apr-2019 C$0.10
Asiamet now has the following shares, options and warrants on
issue:
- 622,984,168 fully paid ordinary shares
- 4,282,200 C$0.10 options expiring
1 July 2018
- 3,050,000 C$0.05 options expiring
6 October 2019
- 9,250,000 C$0.05 options expiring
31 August 2020
- 1,708,746 C$0.12 warrants
expiring 13 May 2017
- 5,416,666 C$0.05 warrants
expiring 1 June 2017
- 1,874,364 C$0.05 warrants
expiring 5 November 2017
- 2,147,581 C$0.06 warrants
expiring 26 April 2018
- 3,533,747 C$0.10 warrants
expiring 13 April 2019
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: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com /
Oliver.Morse@rfcambrian.com
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
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.
This news release contains
forward-looking statements that are based on the Company’s current
expectations and estimates. Forward-looking statements are
frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate”,
“suggest”, “indicate” and other similar words or statements that
certain events or conditions “may” or “will” occur. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or
results to differ materially from estimated or anticipated events
or results implied or expressed in such forward-looking statements.
Such factors include, among others: the actual results of current
exploration activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined;
possible variations in ore grade or recovery rates; accidents,
labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing; and fluctuations in
metal prices. There may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. Any
forward-looking statement speaks only as of the date on which it is
made and, except as may be required by applicable securities laws,
the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements
are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent
uncertainty therein.