CALGARY, June 6, 2014 /CNW/ - The Board of Directors of
Uravan Minerals Inc. (the "Corporation") has approved the granting
of 825,000 common share options (the "Stock Options") to directors,
officers, employees and consultants of the Corporation, pursuant to
the Corporation's rolling share option plan (the "Share Option
Plan"). 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 $0.10 per share. The term of
the stock options granted under the Share Option Plan will be for
five years from the date of this announcement. The Vesting Date is
the date of grant of Stock Options.
The Corporation currently has 38,544,012 Shares issued and
2,025,000 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.
The Corporation is a uranium exploration company focused in the
Athabasca and Thelon Basins in
Canada. The Corporation's
principal assets are its uranium projects in the Athabasca Basin (Outer Ring/Mathison,
Johannsen, Halliday and Stewardson projects), the Garry Lake
uranium projects in the northeast Thelon Basin and the Rottenstone
Nickel-Copper-Platinum Group Element (Ni-Cu-PGE) project,
Saskatchewan. The Corporation, in
collaboration with the Queen's Facility for Isotope Research (QFIR)
at Queen's University, Ontario,
have developed new innovative exploration technologies using
applied research. The purpose for developing these surface
geochemical techniques is to rapidly evaluate under-explored
terrain with the goal to get to economic mineral discovery more
quickly and cost effectively. The Corporation is a publicly listed
company on the TSX Venture Exchange under the trading symbol UVN.
All of the mineral properties the Corporation owns are considered
in the exploration stage of development.
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.
SOURCE Uravan Minerals Inc.