Business
Aurania Confirms Terms of Previously Granted Stock Options
Toronto, Ontario--(Newsfile Corp. - July 16, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"\nAurania Confirms Terms of Previously Granted Stock OptionsToronto, Ontario--(Newsfile Corp. - July 16, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") announces that further to its news releases dated March 28, 2024, and July 2, 2024, the Company wishes to clarify certain terms relating to the grant of options to directors in lieu of cash fees. Certain Directors (the \"Optionees\") of the Company have agreed to receive their quarterly director fees for 2024 in the form of stock options in lieu of cash. As announced on March 28, 2024, an aggregate of 94,000 stock options at an exercise price of $0.25 were granted to certain Optionees in lieu of their directors fees for the first financial quarter of 2024, and as announced on July 2, 2024, an aggregate of 54,000 stock options at an exercise price of $0.46 were granted to certain Optionees in lieu of their director fees for the second financial quarter of 2024. All such options will be exercisable for a period of three years from the date of grant and vested immediately upon grant. In the event an Optionee intends to exercise such Options, such Optionee shall be solely responsible for paying the entirety of the exercise price.About AuraniaAurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-. For further information, please contact:Carolyn MuirVP Corporate Development & Investor RelationsAurania Resources Ltd.(416) [email protected] 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 information as such term is d...