CALGARY, April 10, 2020 /CNW/ - The Board of
Directors of Uravan Minerals Inc. ("Uravan or the
"Corporation") has approved the granting of 1,050,000 common
share options (the "Stock Options") to directors,
officers, employees, consultants and advisers 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 $0.05 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 47,329,012 Shares issued and
270,000 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.
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.