TORONTO, Jan. 26,
2024 /CNW/ - Adventus Mining Corporation
("Adventus" or the "Company") (TSXV: ADZN) (OTCQX:
ADVZF) announces that it has granted an aggregate of 5,400,000
incentive stock options under the Company's share compensation plan
to officers, employees and non-executive directors, with an
exercise price of C$0.27 per stock
option, exercisable for a period of five years from the date of
grant and vesting over three years.
The Company has also awarded an aggregate of 3,035,000
restricted share units ("RSUs") under the Company's share
compensation plan to officers, employees and non-executive
directors. Each RSU represents a right to receive one common share
of the Company, following the vesting of such RSUs over a two-year
period.
About Adventus
Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and
development company. Adventus Mining is advancing the 215 sq. km
majority-owned Curipamba copper-gold project, which has a completed
feasibility study on the shallow and high-grade El Domo deposit. In
addition, Adventus Mining owns the Condor gold project and a large
exploration project portfolio that spans over 135,000 hectares.
Outside of Ecuador, Adventus
Mining owns an exploration project portfolio in Ireland with South32 Limited as the funding
participant. Its strategic shareholders include Ross Beaty's Lumina Group, Altius Minerals
Corporation, Wheaton Precious Metals Corp., and significant
Ecuadorian shareholders. Adventus Mining is based in Toronto, Canada, and is listed on the TSX
Venture Exchange under the symbol ADZN and trades on the OTCQX
under the symbol ADVZF.
Neither 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 news release.
This release contains certain "forward looking statements" and
certain "forward-looking information" as "defined under applicable
Canadian and U.S. securities laws. Forward-looking statements and
information can generally be identified by the use of
forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes.
Forward-looking statements relate to future events or future
performance and reflect Adventus' expectations or beliefs regarding
future events. Forward-looking information are based on Adventus
management's reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on such management's
experience and perception of trends, current conditions and
expected developments, and other factors that management believes
are relevant and reasonable in the circumstances, but which may
prove to be incorrect. Such factors, among other things, include:
business integration risks; fluctuations in general macroeconomic
conditions; fluctuations in securities markets; fluctuations in
spot and forward prices of copper or certain other commodities;
change in national and local governments, legislation, taxation,
controls, regulations and political or economic developments; risks
and hazards associated with the business of mineral exploration,
development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formations pressures, cave-ins and
flooding); discrepancies between actual and estimated metallurgical
recoveries; inability to obtain adequate insurance to cover risks
and hazards; the presence of laws and regulations that may impose
restrictions on mining; employee relations; relationships with and
claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); and title to
properties.
Adventus undertakes no obligation to update forward-looking
information except as required by applicable law. Such
forward-looking information represents management's best judgment
based on the information currently available. No forward-looking
statement can be guaranteed, and actual future results may vary
materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
Please also visit the Adventus website at www.adventusmining.com
and follow us on Twitter: https://twitter.com/AdventusMining and
LinkedIn:
https://ca.linkedin.com/company/adventus-mining-corporation
SOURCE Adventus Mining Corporation