ASN Asian Mineral Resources Ltd

Asian Mineral Resources Limited ("AMR") (TSX VENTURE:ASN) has today issued
common shares (the "Shares") to certain of its directors as compensation for
directors' fees in lieu of cash payment for services performed during the third
quarter of 2013. The Shares were issued pursuant to the terms of share
compensation agreements with each of Jan Castro, Michael Brown and Stephen Gill
as previously announced in press releases dated July 2, 2013 and July 11, 2013.
The Shares were issued at a price of $0.05 to each of Jan Castro, in the amount
of 412,120 Shares; Michael Brown, in the amount of 309,090 Shares; and Stephen
Gill, in the amount of 250,000 Shares, and will be subject to a hold period of
four months in accordance with the policies of the TSX-V. 


In order to maximize the use of the company's cash, each of the other directors,
being Christopher Castle, Jim Askew and Robin Widdup, has elected to defer
receipt of their directors' fees until the end of the second quarter of 2014. 


Company Profile:

Asian Mineral Resources Limited is a Canadian TSX-V listed company with a nickel
producing mine, the Ban Phuc Nickel Project, located 160 km west of Hanoi in Son
La Province, Vietnam. The project produces a high-quality nickel concentrate,
with a significant copper by-product. For further details on the Ban Phuc Nickel
Project and AMR, please refer to the technical report entitled "NI 43-101
Technical Report - Ban Phuc Nickel Project" dated February 15, 2013 available on
SEDAR, and also visit the company website at www.asianminres.com.


Forward-Looking Statements

This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact, included herein, including
without limitation, statements regarding completion of the project and the
achievement of expected benefits, potential mineralization and reserves,
exploration results and future plans and objectives of AMR are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from
AMR's expectations are disclosed under the heading "Risk Factors" in AMR's
Annual Information Form and elsewhere in AMR's documents filed from time-to-time
with the TSX Venture Exchange and other regulatory authorities. Forward-looking
statements are qualified entirely by this cautionary statement and are given
only as at the date of this press release. AMR disclaims any obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Paula Kember
Corporate Secretary
+1 (416) 360-3412

Asian Mineral Resources (TSXV:ASN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Asian Mineral Resources (TSXV:ASN)
Historical Stock Chart
From Jul 2023 to Jul 2024