Asiamet Resources Limited Grant of Options (6245B)
11 January 2018 - 10:15PM
UK Regulatory
TIDMARS
RNS Number : 6245B
Asiamet Resources Limited
11 January 2018
For Immediate Release London AIM
11 January 2018 Symbol: ARS
Asiamet Resources Grant of Options
Asiamet Resources Limited ("ARS" or the "Company") announces
that pursuant to the Company's shareholder approved Stock Option
Plan, the Company's Board of Directors granted 4,500,000 Incentive
Stock Options ("Options") to Mr James Deo, the Company's CFO on the
following terms, assuming continued employment: 1,500,000 vested on
1 January 2018 at an exercise price of 13p per share; 1,500,000
will vest on 1 January 2019 at an exercise price of 15p per share;
and 1,500,000 will vest on 1 January 2020 at an exercise price of
17p per share. All options have an expiry date of 1 January
2023.
The Company has entered into an agreement with KMI Capital to
provide Corporate Finance and Strategic Advisory Services. Pursuant
to this agreement, KMI Capital is to be granted 800,000 stock
options of the Company on the following terms: 550,000 options will
vest on completion of a base model, to be agreed with the CEO, at
an exercise price of 12p per share; 150,000 options will vest on
completion of the BFS of the BKM project, at an exercise price of
12p per share; 100,000 options will vest on completion of
project/development financing for the BKM project, at an exercise
price of 12p per share. The expiry date for these options is 11
January 2021.
ARS now has the following shares, options and warrants on
issue:
-- 856,763,550 fully paid ordinary shares
-- 2,147,581 C$0.06 warrants expiring 26 April 2018
-- 4,282,200 C$0.10 options expiring 1 July 2018
-- 3,475,652 C$0.05 warrants expiring December 23, 2018
-- 3,533,747 C$0.10 warrants expiring 13 April 2019
-- 3,050,000 C$0.05 options expiring 6 October 2019
-- 9,250,000 C$0.05 options expiring 31 August 2020
-- 10,500,000 C$0.065 options expiring 1 November 2021
-- 2,000,000 GBP0.06 options expiring 20 February 2022
-- 2,000,000 GBP0.08 options expiring 20 February 2022
-- 2,000,000 GBP0.10 options expiring 20 February 2022
-- 2,000,000 GBP0.12 options expiring 20 February 2022
-- 13,700,000 GBP0.07 options expiring 5 October 2022
-- 1,500,000 GBP0.13 options expiring 1 January 2023
-- 1,500,000 GBP0.15 options expiring 1 January 2023
-- 1,500,000 GBP0.17 options expiring 1 January 2023
-- 800,000 GBP0.12 options expiring 11 January 2021
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Bird, Deputy Chairman and CEO
-Ends-
For further information, please contact:
Peter Bird
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: peter.bird@asiametresources.com
Tony Manini
Executive Chairman, 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 / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com /
Stephen.Allen@rfcambrian.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 11, 2018 06:15 ET (11:15 GMT)
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