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Aurvista Gold Corporation Board Announces Grant of Incentive Options to VP Engineering
Montreal, Quebec--(Newsfile Corp. - September 15, 2014) - Aurvista Gold Corporation ( TSXV: AV...
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[{"type":"text","content":"Aurvista Gold Corporation Board Announces Grant of Incentive Options to VP EngineeringMontreal, Quebec--(Newsfile Corp. - September 15, 2014) - Aurvista Gold \nCorporation (TSXV: AVA) (\"Aurvista\" or the \"Company\") wishes to inform its shareholders that the Board of Directors has approved the \nissuance of incentive options to Christopher Sharpe, VP Engineering. The Company \nannounces that it has granted an aggregate of 275,000 options to purchase common \nshares of the Company exercisable at a price of $0.12 per share for a period of \n5 years. The options are priced above the current trading price of Aurvista \nshares on the TSX-V to demonstrate the Board's ongoing commitment to creating \nshareholder value. These incentive options, as well as the terms and conditions \nof their exercise, are governed by the Company's Stock Option Plan which is in \naccordance with policies within the TSX Venture Exchange. The options vest \n75,000 on the date of grant, with an additional 100,000 vesting on each of the \nnext two anniversaries of the date of grant. \nMr. Sharpe's firm, Coyote Mining Inc. was engaged April 1, 2014 \nto advance the engineering and permitting processes to assess the potential \nincluding the economics of bringing the Douay West Zone into production. The \nCompany has now committed to an engineering budget of $917,000 in rock slope \nengineering, overburden investigation and slope design, hydrogeological \ninvestigation and design, environmental baseline testing, metallurgy, resource \ninfill drilling and resource modelling. \nAbout Aurvista Gold \nAurvista Gold Corporation is a junior gold exploration and \ndevelopment company. Aurvista's principal asset is the Douay Gold Project, \nconsisting of 221 wholly owned claims totaling approximately 11,430 hectares. \nThe Douay Project's North West Zone has 32 designated claims for a total of \n1,193 hectares and is in a Joint Venture agreement with SOQUEM. The Douay \nProject is located on the Casa Berardi Fault in northern Quebec. The Douay \nProject contains a NI 43-101 compliant Mineral Resource of 114,652,000 million \ntonnes at 0.75 g/t gold (2.8 million ounces of gold) in the Inferred category \nand 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Measured \nand Indicated category, at a cut-off of 0.3 g/t gold. Details of the Douay Gold \nPro...