A.I.S. Resources Limited

April 28, 2014 17:05 ET

A.I.S. Resources Limited Announces Adoption of Share Option Plan and Grant of Options

CALGARY, ALBERTA--(Marketwired - April 28, 2014) - A.I.S. RESOURCES LTD. (NEX BOARD:AIS.H) (the "Corporation") announced today that its Board of Directors has, subject to the approval of the NEX Board of the TSX Venture Exchange, adopted a share option plan (the "Plan") pursuant to which the Board may grant options to acquire common shares ("Common Shares") of the Corporation to the directors, officers, employees, consultants and other eligible service providers of the Corporation. The maximum number of Common Shares that may be reserved and issued under the Plan has been fixed at 630,676 Common Shares, being 10% of the currently issued and outstanding Common Shares.

The Board of Directors has also approved the issuance of options under the Plan. Options to purchase an aggregate of 450,000 Common Shares at a price of $0.28 per share have been granted to a director and officer and certain consultants of the Corporation. The options expire on April 27, 2019. Accordingly, 180,676 Common Shares remain issuable pursuant to options that may be granted under the Plan.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • A.I.S. Resources Limited
    Martyn Element
    President and Chief Executive Officer of the Corporation
    (604) 687-6820