Asian Mineral Resources Issuance of Shares
April 10 2014 - 5:22PM
Marketwired
Asian Mineral Resources Issuance of Shares
TORONTO, ONTARIO--(Marketwired - Apr 10, 2014) - 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 first quarter of 2014. The Shares were issued pursuant
to the terms of share compensation agreements with each of James
Askew and Christopher Castle as previously announced in a press
release dated October 24, 2013. The Shares were issued at a price
of $0.0792 to each of James Askew, in the amount of 157,771 Shares
and Christopher Castle, in the amount of 189,325 Shares, and will
be subject to a hold period of four months in accordance with the
policies of the TSX-V.
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
north-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.
Asian Mineral Resources LimitedPaula KemberCorporate Secretary+1
(416) 360-3412www.asianminres.com
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