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Aurania Directors Receive Stock Options in Lieu of Fees and Concession Renewal Reports Filed in Ecuador
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB:...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Directors Receive Stock Options in Lieu of Fees and Concession Renewal Reports Filed in EcuadorToronto, Ontario--(Newsfile Corp. - March 31, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") announces that its directors have agreed to receive their quarterly director fees in the form of stock options in lieu of cash for each quarterly period during 2025. On March 31, 2025, each director was granted 16,000 stock options at an exercise price of $0.36 in lieu of their director fees for the first quarter of 2025. An aggregate of 64,000 stock options were granted. All such stock options will be exercisable for a period of three years from the date of grant and vested immediately upon grant. In the event a director intends to exercise such stock options, such director shall be solely responsible for paying the entirety of the exercise price.The Company also announces that it has filed all the appropriate documentation for the renewal of its 42 mineral exploration concessions in southeastern Ecuador, and it has filed a request to enter into an agreement for payment of the associated annual concession fees. The request has been accepted, and the Company is working with various departments of the Ecuadorian government to negotiate the agreement.The Company considers that by filing the concession renewals prior to the March 31st deadline, it maintains its property in Ecuador in good standing while a payment agreement is being finalized. 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 ...