Royal Road Minerals Limited: Announces Incentive Stock Option Grant
16.06.2015 | Accesswire
TORONTO, June 16, 2015 - Royal Road Minerals Ltd. (TSX VENTURE: RYR) (the "Company") a gold and copper focused mineral exploration and development company, announces that it has granted incentive stock options to purchase an aggregate of 1,000,000 ordinary shares of the Company to certain officers, employees and consultants of the Company pursuant to the Company's stock option plan, of which options to purchase a total of 450,000 ordinary shares were granted to the Company's Chief Financial Officer and Company Secretary. No other director or officer received any of the options. The options are exercisable until October 15, 2016 at a price of $0.25 per share and shall vest as to 30% of the options, 60 days from the grant date; as to a further 30% of the options, 90 days from the grant date; and as to the remainder of the options, 120 days from the grant date.Cautionary statement:
Neither 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.
About Royal Road Minerals:
The Company is a gold and copper focused exploration and development company. The Company has projects in Western and Southeast Turkey. In the West the Company is advancing gold and copper projects under an earn-in agreement whereas in the East it is conducting early-stage exploration in a remote, under-explored and highly prospective gold and copper mineralized magmatic belt. The Company has an experienced management team with a proven track record in discovery, resource development and company building. The Company understands the importance of gaining and maintaining a social and environmental license to operate and is committed to advancing projects as quickly as possible with strong local partnerships/alliances.
For further information please contact:
Royal Road Minerals Ltd.
Donna Pugsley, Investor Relations Manager
+44 (0)1534 887166
+44 (0)7797 742800
info@royalroadminerals.com