Uravan Announces
May 22 2012 - 9:21AM
PR Newswire (Canada)
(TSVX: UVN) CALGARY, May 22, 2012 /CNW/ - The Board of Directors of
Uravan Minerals Inc. (the "Corporation") has approved the granting
of 740,000 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 (the "Shares") of
the Corporation, issued from treasury, at an exercise price of
$0.16 per share. The term of the stock options granted under the
Share Option Plan will be for five years. The Corporation currently
has 37,849,346 Shares issued and 2,086,667 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. Uravan Minerals Inc. CONTACT: Larry
Lahusen, CEOUravan Minerals Inc.Tel: 403-264-2630Email:
llahusen@uravanminerals.com,Website: www.uravanminerals.com
Copyright
Uravan Minerals (TSXV:UVN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Uravan Minerals (TSXV:UVN)
Historical Stock Chart
From Jul 2023 to Jul 2024