EPM Mining Ventures Inc. Announces Grant of Stock Options
(Source: CNW) — EPM Mining Ventures Inc. (TSXV: EPK) (OTCQX: EPMMF) (“EPM” or the “Company”) today announced that it has granted an aggregate of 550,000 options to officers and employees of the Company, and 2,086,811 options to non-management directors of the Company. All options are exercisable over a period of five years at a price of $0.40 per common share, which reflects the closing price of EPM on January 3, 2013. One-third of such stock options shall vest on the first anniversary of the date of grant, one-third shall vest on the second anniversary of the date of grant, and one-third shall vest on the third anniversary of the date of grant.
The options are granted pursuant to the Company’s stock option plan, which was approved by shareholders at a special meeting of shareholders held on May 23, 2012, and accepted by the TSX Venture Exchange.
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak Minerals Inc., controls directly or through agreement, mineral leases on more than 124,000 acres on the Sevier Dry Lake property in Millard County, Utah. EPM is targeting the future development and production of Sulfate of Potash (SOP), a premium priced fertilizer used with special crops and soil types, through a cost-effective solar evaporation methodology.
Get our daily investorintel update
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.