Aurania Directors Receive Stock Options in Lieu of Fees and Concession Renewal Reports Filed in Ecuador
Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) has announced two significant corporate developments. First, the company's directors have opted to receive their Q1 2025 quarterly fees in stock options instead of cash. Each director was granted 16,000 stock options at an exercise price of $0.36, totaling 64,000 stock options that vest immediately and are exercisable for three years.
Additionally, the company has submitted renewal documentation for its 42 mineral exploration concessions in southeastern Ecuador before the March 31st deadline. Aurania is currently negotiating a payment agreement for the annual concession fees with various Ecuadorian government departments, with their request for a payment arrangement already accepted.
Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) ha annunciato due importanti sviluppi aziendali. In primo luogo, i membri del consiglio di amministrazione della società hanno scelto di ricevere le loro commissioni trimestrali del Q1 2025 in opzioni azionarie anziché in contanti. A ciascun direttore sono state concesse 16.000 opzioni azionarie a un prezzo di esercizio di $0,36, per un totale di 64.000 opzioni azionarie che maturano immediatamente e sono esercitabili per tre anni.
Inoltre, la società ha presentato la documentazione di rinnovo per le sue 42 concessioni di esplorazione mineraria nel sud-est dell'Ecuador prima della scadenza del 31 marzo. Aurania sta attualmente negoziando un accordo di pagamento per le tasse annuali delle concessioni con vari dipartimenti del governo ecuadoriano, con la loro richiesta per un accordo di pagamento già accettata.
Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) ha anunciado dos desarrollos corporativos significativos. Primero, los directores de la compañía han optado por recibir sus honorarios trimestrales del Q1 2025 en opciones sobre acciones en lugar de efectivo. A cada director se le otorgaron 16,000 opciones sobre acciones a un precio de ejercicio de $0.36, sumando un total de 64,000 opciones sobre acciones que se adquieren de inmediato y son ejercitables durante tres años.
Además, la empresa ha presentado la documentación de renovación para sus 42 concesiones de exploración mineral en el sureste de Ecuador antes de la fecha límite del 31 de marzo. Aurania está negociando un acuerdo de pago para las tarifas anuales de las concesiones con varios departamentos del gobierno ecuatoriano, con su solicitud de un acuerdo de pago ya aceptada.
아우라니아 리소스 (TSXV: ARU) (OTCQB: AUIAF)는 두 가지 중요한 기업 발전을 발표했습니다. 첫째, 회사의 이사들은 2025년 1분기 분기 수수료를 현금 대신 주식 옵션으로 받기로 결정했습니다. 각 이사에게는 16,000개의 주식 옵션이 부여되었으며, 행사 가격은 $0.36입니다. 총 64,000개의 주식 옵션이 즉시 발생하며 3년 동안 행사할 수 있습니다.
또한, 회사는 3월 31일까지의 마감일 전에 에콰도르 동남부에 있는 42개의 광물 탐사 허가에 대한 갱신 문서를 제출했습니다. 아우라니아는 여러 에콰도르 정부 부처와 연간 허가 수수료에 대한 지불 협정을 협상 중이며, 지불 방식 요청이 이미 수락되었습니다.
Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) a annoncé deux développements d'entreprise significatifs. Tout d'abord, les administrateurs de la société ont choisi de recevoir leurs frais trimestriels du premier trimestre 2025 en options d'achat d'actions plutôt qu'en espèces. À chaque administrateur ont été accordées 16 000 options d'achat d'actions à un prix d'exercice de 0,36 $, totalisant 64 000 options d'achat d'actions qui acquièrent immédiatement et sont exerçables pendant trois ans.
De plus, la société a soumis la documentation de renouvellement pour ses 42 concessions d'exploration minière dans le sud-est de l'Équateur avant la date limite du 31 mars. Aurania est actuellement en train de négocier un accord de paiement pour les frais annuels de concession avec divers départements du gouvernement équatorien, avec leur demande d'accord de paiement déjà acceptée.
Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) hat zwei bedeutende Unternehmensentwicklungen bekannt gegeben. Erstens haben die Direktoren des Unternehmens beschlossen, ihre vierteljährlichen Gebühren für das 1. Quartal 2025 in Aktienoptionen anstelle von Bargeld zu erhalten. Jeder Direktor erhielt 16.000 Aktienoptionen zu einem Ausübungspreis von 0,36 $, insgesamt 64.000 Aktienoptionen, die sofort fällig sind und drei Jahre lang ausgeübt werden können.
Darüber hinaus hat das Unternehmen die Erneuerungsunterlagen für seine 42 Mineralexplorationskonzessionen im Südosten Ecuadors vor der Frist am 31. März eingereicht. Aurania verhandelt derzeit einen Zahlungsvereinbarung für die jährlichen Konzessionsgebühren mit verschiedenen ecuadorianischen Regierungsbehörden, wobei ihr Antrag auf eine Zahlungsvereinbarung bereits akzeptiert wurde.
- Directors accepting stock options instead of cash fees helps preserve company cash
- Successful filing of concession renewals maintains property rights in Ecuador
- Acceptance of payment arrangement request by Ecuadorian government for concession fees
- Company requires payment arrangement for concession fees, indicating potential cash flow constraints
- Dilutive effect of additional 64,000 stock options on shareholders
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that its directors have agreed to receive their quarterly director fees in the form of stock options in lieu of cash for each quarterly period during 2025. On March 31, 2025, each director was granted 16,000 stock options at an exercise price of
The Company also announces that it has filed all the appropriate documentation for the renewal of its 42 mineral exploration concessions in southeastern Ecuador, and it has filed a request to enter into an agreement for payment of the associated annual concession fees. The request has been accepted, and the Company is working with various departments of the Ecuadorian government to negotiate the agreement.
The Company considers that by filing the concession renewals prior to the March 31st deadline, it maintains its property in Ecuador in good standing while a payment agreement is being finalized.
About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
For further information, please contact:
| Carolyn Muir VP Corporate Development & Investor Relations Aurania Resources Ltd. (416) 367-3200 carolyn.muir@aurania.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.
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements regarding Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, an inability to settle a schedule for the payment of annual concession fees on terms which are satisfactory or all with the result that the mineral concession renewals may be of no effect and the property interests are jeopardized, a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents, an inability to access financing as needed, a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania, a failure to comply with environmental regulations, a weakening of market and industry reliance on precious metals and copper and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ (available at www.sedarplus.ca). Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246799
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