For Immediate Release London AIM

 

9 October 2017 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 1,300,000 Incentive Stock Options ("Options") to non-executive Directors, 10,150,000 Options to employees and 2,250,000 Options to key consultants, for a total of 13,700,000 Options. The Options are exercisable into common shares of ARS until 5 October 2022, at an exercise price of £0.07 per share, which represents a significant premium of 35.1% to the closing market price on 6 October 2017. Directors will not receive fees for the 2017 Calendar year.

The share holdings and warrant holdings of the Directors in the Company remain unchanged, while the number of Options granted to the Directors subject to these arrangements and their resultant Options holding in the Company are as follows:

Director	Number Options granted 5 October 2017	Total Options previously granted	Total Options granted pursuant to Plan
Peter Pollard	500,000	1,500,0001	2,000,000
Tony Manini	3,000,000	6,750,0002	9,750,000
Peter Bird	2,250,000	8,000,0003	10,250,000
Faldi Ismail	400,000	1,600,0004	2,000,000
Raynard von Hahn	400,000	1,000,0005	1,400,000
Stephen Hughes	3,000,000	5,500,0006	8,500,000
	9,550,000	24,350,000	33,900,000

 

1. 300,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 400,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 500,000 options with an exercise price of C$0.065 and expiring November 1, 2021
2. 3,000,000 options with an exercise price of C$0.05 and expiring August 6, 2020 and 3,750,000 options with an exercise price of C$0.065 and expiring November 1, 2021
3. 2,000,000 options vesting February 20, 2018 at an exercise price of 6p per share and expiring, 2,000,000 options vesting February 20, 2018 at an exercise price of 8p per share and expiring, 2,000,000 options vesting February 20, 2019 at an exercise price of 10p per share and expiring, and 2,000,000 options vesting February 20, 2019 at an exercise price of 12p per share and expiring February 20, 2022
4. 500,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 400,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 300,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 400,000 options with an exercise price of C$0.065 and expiring November 1, 2021
5. 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 300,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 400,000 options with an exercise price of C$0.065 and expiring November 1, 2021
6. 1,000,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 2,000,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 2,500,000 options with an exercise price of C$0.065 and expiring November 1, 2021

 

ARS now has the following shares, options and warrants on issue:

• 854,889,186 fully paid ordinary shares 
• 1,874,364 C$0.05 warrants expiring 5 November 2017
• 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 £0.06 options expiring 20 February 2022 
• 2,000,000 £0.08 options expiring 20 February 2022 
• 2,000,000 £0.10 options expiring 20 February 2022 
• 2,000,000 £0.12 options expiring 20 February 2022 
• 13,700,000 £0.07 options expiring 5 October 2022 

 

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