Asiamet Resources -- warrants lapse

 

Asiamet Resources Limited ("ARS" or the "Company") advises that 5,277,674 warrants with an exercise price of C$0.10 have lapsed following their expiry on 2 October 2016 ("Expired Warrants"). The Expired Warrants were held by (among others) Asiamet directors Tony Manini (1,529,761 Expired Warrants) and Stephen Hughes (305,952 Expired Warrants). The share holdings and options holdings of each of the directors remains unchanged, while the warrants held by each director comprise:

Tony Manini (all directly held):Stephen Hughes (all directly held):
WarrantsExpiry DateEx. PriceWarrantsExpiry DateEx. Price
269,575 13-May-2017 C$0.12 81,628 13-May-2017 C$0.12
164,878 13-May-2017 C$0.12 49,931 13-May-2017 C$0.12
917,857 13-Apr-2019 C$0.10 611,904 13-Apr-2019 C$0.10


Asiamet now has the following shares, options and warrants on issue:

  • 622,984,168 fully paid ordinary shares
  • 4,282,200 C$0.10 options expiring July 1, 2018
  • 3,050,000 C$0.05 options expiring October 6, 2019
  • 9,250,000 C$0.05 options expiring August 31, 2020
  • 1,708,746 C$0.12 warrants expiring 13 May 2017
  • 5,416,666 C$0.05 warrants expiring 1 June 2017
  • 1,874,364 C$0.05 warrants expiring 5 November 2017
  • 2,147,581 C$0.06 warrants expiring April 26, 2018
  • 3,533,747 C$0.10 warrants expiring 13 April 2019


ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Deputy Chairman and CEO

For further information, please contact: 

-Ends-

Tony Manini
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: [email protected]

FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: [email protected] 

Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: [email protected] / [email protected] 

VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: [email protected]

Optiva Securities Limited
Christian Dennis 
Telephone: +44 20 3137 1903
Email: [email protected]


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.

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.