Aurvista Gold Corp.: Board Announces Grant of Incentive Options
14.07.2016 | Newsfile
Montreal, July 13, 2016 - Aurvista Gold Corporation (TSXV: AVA) ("Aurvista" or the "Company") wishes to inform its shareholders that the Board of Directors on Monday July 11, 2016 approved the issuance of 300,000 incentive options to Sean Charland, a new director. The options have an exercise price of $0.24 per share, and a term of 5 years. The stock options will be subject to a vesting schedule with 1/4 to vest immediately and 1/4 to vest on each anniversary of the grant date until the options are fully vested.The Company would also like to announce on July 11, 2016 it had agreed in principal to a promotional activities consulting agreement with Fallon Capital. The promotional activities service agreement is subject to the approval of the TSX Venture Exchange. The consideration for the services provided is the issuance of 500,000 incentive options. The options have an exercise price of $0.24 per share and a term of 5 years. The stock options will be subject to a vesting schedule with 1/4 to vest immediately and 1/4 to vest on each anniversary of the grant date until the options are fully vested. The consulting agreement is subject to the approval of the TSX Venture Exchange.
About AurVista Gold Corp.
Aurvista Gold Corp. is a junior gold exploration and development company with 85,689,121 shares outstanding trading on the TSX Venture Exchange in Canada and OTC Pink Sheets in the U.S. Aurvista's only asset is the Douay Gold Project totaling 287 claims for 145.3 km2. Of the total, 32 claims for 11.9 km2 form the North West Zone and are in a joint venture with SOQUEM (75% Aurvista, 25% SOQUEM). The project is located along the gold-bearing Casa Berardi Deformation Zone in northern Quebec.
Details of the Douay Gold Project can be viewed on the Company's website at www.aurvistagold.com
For further information please contact:
Mr. Jean Lafleur, P. Geo., President and CEO, Director
Cell +1 514 927 3633
Facsimile +1 416 504 4129
Mr. Bryan Keeler, Chief Financial Officer
+1 416 504 4126
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