Asian Mineral Resources Issuance of Shares
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 01/26/15 -- Asian Mineral Resources Limited ("AMR") (TSX VENTURE: ASN) has today issued common shares (the "Shares") to certain of its directors as compensation for directors' fees in lieu of cash payment for services performed during the fourth quarter of 2014. The Shares were issued pursuant to the terms of share compensation agreements with each of James Askew and Christopher Castle as previously announced in a press release dated October 24, 2013. The Shares were issued at a price of $0.05 to each of James Askew, in the amount of 250,000 Shares and Christopher Castle, in the amount of 300,000 Shares, and will be subject to a hold period of four months in accordance with the policies of the TSX-V.
Company Profile:
AMR is one of the few new sources of nickel sulphide supply globally. AMR commenced commercial production from its Ban Phuc nickel project in Vietnam in mid-2013. The Ban Phuc project currently produces over 6,900 tonnes of nickel and 3,500 tonnes of copper per annum contained in concentrate, plus a cobalt by-product.
In addition to in and near-mine expansion projects, Ban Phuc provides a cash-generative operating platform from which AMR can continue to focus on developing a new nickel camp within its 150km2 of concessions located throughout the highly-prolific Song Da rift zone, where AMR has a number of advanced-stage nickel exploration targets.
For further details on AMR, please refer to the technical report entitled "NI 43-101 Technical Report - Ban Phuc Nickel Project" dated February 15, 2013 available on SEDAR or the AMR website .
Contacts:
Asian Mineral Resources Limited
Paula Kember
Corporate Secretary
+1 (416) 360-3412
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Unternehmensinformation / Kurzprofil:
Datum: 26.01.2015 - 18:33 Uhr
Sprache: Deutsch
News-ID 366920
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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