Azarga Metals Grants Options – Issues Bonus Shares
White Rock, British Columbia (FSCwire) - AZARGA METALS CORP.
("Azarga" or the “Company”) (TSX-V:AZR) report that for the first time since
November 2012, the directors of Azarga today granted a total of 2,000,000 incentive stock options of the capital stock of the
Company to directors, officers, employees and consultants exercisable for up to a five year period at an exercise price of
$0.20. The options granted are pursuant to Azarga’s shareholder approved stock option plan and will vest as to one-third in
six months, twelve months and eighteen months.
In addition, subject to the approval of the TSX Venture Exchange, the directors today issued a one-time bonus of up to 400,000
common shares to the President and CEO and up to 100,000 common shares to the CFO in recognition of their extraordinary efforts
for the Company. The shares are valued at $0.20 per share and, providing the employment of each of them continues during
the vesting period, will be issued in the same one-third vesting schedule as the stock options.
About Azarga Metals Corp.
Azarga is a mineral exploration and development company that owns 60% of the Unkur Copper-Silver Project in the Zabaykalsky
province in eastern Russia.
AZARGA METALS CORP.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
For further information please contact: Doris Meyer, at +1 604 536-2711 ext 6, or visit www.azargametals.com.
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 press release as a PDF file, click onto the following link:
public://news_release_pdf/Azarga07082016.pdf
Source: Azarga Metals Corp. (TSX Venture:AZR)
www.euresources.com
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