Morien Announces Grant of Stock Options
Morien Announces Grant of Stock Options
May 15, 2018 – Halifax, Nova Scotia – Morien Resources Corp. ("Morien" or the
"Company") (TSXV:MOX), announced today that pursuant to its stock option incentive plan, it
has granted a total of 2,285,000 options (“Options”) to an aggregate of 10 individuals, being
directors, officers and individuals providing services to Morien pursuant to a Services
Agreement with Erdene Resource Development Corp. Each Option is exercisable for one
common share of the Company until May 11, 2023 at an exercise price of $0.60. All of the
Options vest immediately.
About Morien
Morien is a Canadian based, dividend paying, mining development company that holds royalty
interests in two, long life, world class, tidewater accessed projects. The Donkin Coal Mine
commenced production in Q1 2017 and the Black Point Aggregate Project was permitted in Q2
2016 and is progressing toward a development decision. Morien’s management team exercises
ruthless discipline in managing both the assets and liabilities of the Company. The Company’s
management and its Board of Directors consider shareholder returns to be paramount over
corporate size, number or scale of assets and industry recognition. Morien has 54,132,614 issued
and outstanding common shares and a fully diluted position of 58,575,114. Further information
is available at www.MorienRes.com.
Forward-Looking Statements
Some of the statements in this news release may constitute "forward -looking information" as
defined under applicable securities laws. These statements reflect Morien's current expectations
of future revenues and business prospects and opportunities and are based on information
currently available to Morien. Morien cautions that actual performance will be affected by a
number of factors, many of which are beyond its control, and that future events and results may
vary substantially from what Morien currently foresees. Factors that could cause actual results to
differ materially from those in forward -looking statements include risks and uncertainties
described in Morien’s annual information form filed with the Canadian Securities regulators on
SEDAR (www.sedar.com). Morien cautions that its royalty revenue will be based on production
by third party property owners and operators who will be responsible for determining the manner
and timing for the properties forming part of Morien’s royalty portfolio. These third party
owners and operators are also subject to risk factors that could cause actual results to differ
materially from those predicted herein including: volatility in financial ma rkets or general
economic conditions; capital requirements and the need for additional financing; fluctuations in
the rates of exchange for the currencies of Canada and the United States; prices for commodities
including gold, coal and aggregate; unanticipated changes in production, mineral reserves and
mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and
unpredictable political or economic developments; loss of key personnel; labour disputes; and
ineffective title to mineral claims or property. There are other business risks and hazards
associated with mineral exploration, development and mining. Although Morien believes that
the forward-looking information contained herein is based on reasonable assumptions, readers
cannot be assured that actual results will be consistent with such statements. Morien expressly
disclaims any intention or obligation to update or revise any forward-looking information in this
news release, whether as a result of new information, events or otherwise, except in accordance
with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any
financial outlook or future-oriented financial information in this news release, as defined by
applicable securities laws, has been approved by management of Morien as of the date of this
news release. Such financial outlook or future-oriented financial information is provided for the
purpose of providing information about management's current expectations and plans relating to
the future. Readers are cautioned that such outlook or information should not be used for
purposes other than for which it is disclosed in this news release.
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.
For more information, please contact:
John P.A. Budreski, CEO
Phone: (416) 930-0914
or
Dawson Brisco, P.Geo, President
Phone: (902) 466-7255
www.MorienRes.com