Uravan Minerals Inc. - Notice of Grant of Stock Options
July 18 2011 - 10:09AM
PR Newswire (Canada)
CALGARY, July 18, 2011 /CNW/ -- (TSVX: UVN) CALGARY, July 18, 2011
/CNW/ - The Board of Directors of Uravan Minerals Inc. (the
"Corporation") has approved the granting of 700,000 common share
options (the "Stock Options") pursuant to the Corporation's rolling
share option plan (the "Share Option Plan") to directors, officers
and employees of the Corporation. The Share Option Plan is
administered by the Board of Directors of the Corporation who make
allocations of Stock Options to eligible persons after considering
their present and future potential contributions and value to the
Corporation. Each Stock Option can be exercised by the optionee
into common shares of the Corporation (the "Shares"), issued from
treasury, at an exercise price of $0.21 per share. The term of the
stock options granted under the Share Option Plan will be for five
years. The Corporation currently has 34,499,280 Shares issued and
2,176,667 stock options outstanding. The stock options granted are
in accordance with regulatory policy as determined by the TSX
Venture Exchange. The proposed granting of these stock
options is subject to the TSX Venture Exchange approval. Uravan is
a Calgary Alberta based diversified mineral exploration company
that utilizes applied research to develop new innovative
exploration technologies to identify buried uranium, rare earth
elements (REE) and nickel-copper-platinum group element (Ni-Cu-PGE)
deposits in under-explored areas. Our exploration focus in uranium
is for potential high-grade unconformity-related uranium deposits
in the Athabasca and Thelon Basins in Canada and other basin
environments globally. Uravan is expanding its acquisition efforts
toward REE geological domains in North America and specific areas
globally. The REE and uranium mineralization occur in related
geological environments thereby complementing the Uravan's uranium
exploration efforts with a strategy to add diversification to its
portfolio. Further, Uravan is pursuing the exploration of its
advanced stage Rottenstone Ni-Cu-PGE project supported by the
development of new drill targets defined by recent geophysical
re-interpretation. Uravan is a publicly listed company on the
TSX Venture Exchange under the trading symbol UVN. All of the
mineral properties Uravan owns are considered in the exploration
stage of development. This press release may contain forward
looking statements including those describing Uravan's future plans
and the expectations of management that a stated result or
condition will occur. Any statement addressing future events or
conditions necessarily involves inherent risk and uncertainty.
Actual results can differ materially from those anticipated by
management at the time of writing due to many factors, the majority
of which are beyond the control of Uravan and its management.
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 release. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/18/c5953.html p
align="justify" Larry Lahusen, CEObr/ Uravan Minerals Inc.br/ Tel:
403-264-2630br/ Email: a
href="mailto:llahusen@uravanminerals.com"llahusen@uravanminerals.com/a,br/
Website: a
href="http://www.uravanminerals.com"www.uravanminerals.com/a /p
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