CALGARY, June 19, 2015 /CNW/ - The Board of Directors
of Uravan Minerals Inc. (the "Corporation") has approved the
granting of 395,000 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 $0.16 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
2,740,000 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.
Uravan is a Calgary,
Alberta-based diversified mineral exploration company that
utilizes applied research to develop new innovative exploration
technologies to identify buried uranium deposits in under-explored
areas. Our exploration focus in uranium is for potential high-grade
unconformity-type uranium deposits in the Athabasca and Thelon Basins in Canada and other basin environments
globally. 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.
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.