Aurvista Gold Corporation Announces Grant of Incentive Stock Options
Aurvista Gold Corporation Announces Grant of Incentive Stock
Options
Montreal, Quebec: Aurvista Gold Corporation (“Aurvista” or the “ Company”) (TSX -V: AVA,
OTCQB: ARVSF; Frankfurt: AV2 ) announces the grant of a total of 1.8 million stock options to six
new members of the Board of Directors who were elected at the recent August 15 Annual and
Special Meeting of the Shareholders. The options have a five year term, an exercise price of $0. 30,
the closing price of the Aurvista shares on the day of the grant, and vest one- quarter immediately,
and one-quarter on each anniversary date of the grant.
As the current Stock Option Plan provides for a maximum of 16,740,000 options that may be
granted under the Plan the Board also amended the Plan to become a Rolling Stock Option Plan that
allows for the issuance of such number of options equal to 10% of th e outstanding shares. The right
of each holder to exercise the options and the amendment of the Stock Option Plan is subject to the
approval of the TSX Venture Exchange and the approval of the shareholders of Aurvista.
Douay Gold Project and Company Profile:
Aurvista Gold Corporation is a well -funded gold exploration and development company focused on
advancing one of the largest undeveloped gold projects in Quebec. The Company’s district-scale 305
km² Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone
within the prolific Abitibi Greenstone Belt in northern Quebec. The Project hosts a multi- million
ounce gold deposit that remains open in several directions, with excellent infrastructure and
several large scale operating mines within 150 km. The Douay Gold Project’s high -grade zones have
never been mined and the Project is virtually royalty -free. The Company has aggressive property -
wide exploration and drilling plans, with the aim of building high -quality ounces in o ne of the best
mining jurisdictions in the world.
ON BEHALF OF AURVISTA GOLD CORPORATION
“Matthew Hornor”
B. Matthew Hornor, President & CEO
For Further Information Please Contact:
Mr. Joness Lang
VP, Corporate Development
Office: +1 416.682.2674
Email: [email protected]
CORPORATE UPDATE
For Immediate Issue
August 29, 2017
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 ADEQU ACY OR ACCURACY OF
THIS PRESS RELEASE.
Forward Looking Statements
This news release may contain forward -looking statements based on assumptions, uncertainties and management’s best
estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections.
Investors are cautioned that forward -looking statements involve risks and uncertainties. Accordingly, readers should not place
undue reliance on forward -looking statements. When used herein, words such as “anticipate”, “will”, “intend” and similar
expressions are intended to identify forward- looking statements. For a more detailed discussion of such risks and other factors
that could cause actual results to differ materially from those expressed or implied by such forward -looking statements, refer to
Aurvista Gold Corpora tion’s filings with Canadian securities regulators available on www.sedar.com or the Company’s
website at www.aurvistagold.com.