Aurania Grants Stock Options

Rhea-AI Summary

Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) has announced the grant of 415,000 stock options to certain officers and consultants. The options have an exercise price of C$0.70. Of these options, 200,000 were granted to an officer with a five-year exercise period from the grant date, subject to standard vesting conditions.

Positive

• None.

Negative

• Potential shareholder dilution from 415,000 new stock options

News Market Reaction

+2.65%

1 alert

+2.65% News Effect

On the day this news was published, AUIAF gained 2.65%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - October 30, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces the grant of an aggregate of 415,000 stock options (the "Options") to certain officers and consultants of the Company pursuant to the terms and subject to the conditions of the Company's Stock Option Plan.

The Options have an exercise price of C$0.70. 200,000 Options were granted to an officer of the Company and are exercisable for five years from the date of grant and are subject to customary vesting conditions.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228395

FAQ

What is the exercise price of Aurania Resources (AUIAF) stock options granted on October 30, 2024?

The stock options were granted with an exercise price of C$0.70.

How many stock options did Aurania Resources (AUIAF) grant on October 30, 2024?

Aurania Resources granted an aggregate of 415,000 stock options.

What is the vesting period for the 200,000 officer stock options granted by Aurania Resources (AUIAF)?

The 200,000 options granted to an officer are exercisable for five years from the grant date, subject to customary vesting conditions.