Business
Royal Road Minerals Announces Appointment of New Chief Financial Officer and Grants Stock Options
TORONTO, ON / ACCESSWIRE / December 15, 2015 / Royal Road Minerals Limited (TSXV: RYR) ("Roy...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Announces Appointment of New Chief Financial Officer and Grants Stock OptionsTORONTO, ON / ACCESSWIRE / December 15, 2015 / Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road Minerals\" or the \"Company\"), a gold focused mineral exploration and development company, is pleased to announce that Cindy Davis has been appointed as Chief Financial Officer of the Company, effective immediately. In this role as Chief Financial Officer, Mrs. Davis will succeed Rebecca Hudson who has resigned from this position.\nMrs. Cindy Davis, CPA, CA, is a Senior Financial Analyst at Marrelli Support Services Inc., and provides accounting, regulatory compliance, and management advisory services to numerous issuers on the TSX, TSX Venture Exchange (\"TSXV\") and other Canadian and US exchanges. Previously, Mrs. Davis worked at a public accounting firm focused on small and medium businesses for five years. Mrs. Davis holds a Bachelor of Science degree specializing in Accounting and Economics.\nDr. Timothy Coughlin, President and Chief Executive Officer of the Company stated, \"I am very pleased to welcome Cindy to the Royal Road Minerals team and look forward to working with her as we take the Company through its next phase of development. Dr. Coughlin also stated, \"I would also like to thank Rebecca for her service and contributions to the Company and wish her well in her future endeavours.\" \nThe Company also announces that it has granted an aggregate of 1,200,000 incentive stock options to new personnel to purchase ordinary shares of the Company exercisable at a price of $0.10 per ordinary share and expiring on the second anniversary of the grant date. Pursuant to the Company's stock option plan, the options will vest as to one-third immediately, one-third in six months and one-third in eighteen months from the grant date of the options and are otherwise subject to the terms of the Company's stock option plan.\nNeither 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. \nCautionary statement:\nThis news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as \"plan,\" \"expect...