Home / Mining Company News Releases (Unreviewed) / Lara Exploration Announces Issuance of Common Share Stock Grants and Incentive Stock Options

Lara Exploration Announces Issuance of Common Share Stock Grants and Incentive Stock Options

Vancouver, British Columbia–(Newsfile Corp. – March 14, 2018) – Lara Exploration Ltd., (TSXV: LRA) (“Lara” or the “Company”) announces that pursuant to its stock grant program, 250,000 common shares have been granted to certain officers of the Company for their ongoing efforts in assisting towards the continuing exploration success and future goals of the Company. The common shares will be issued over a period of three years, with the initial tranche of 83,333 shares being issued upon receipt of TSX Venture Exchange approval (the “Exchange”), and a further 83,333 shares on each of the first and second anniversaries. The shares will be subject to restrictions on transfer for a period of four months from issuance.

Additionally, Lara also announces that pursuant to its stock option plan, 350,000 incentive stock options exercisable at $0.72 per share, for a period of five years, have been granted to officers of the Company.

About Lara

Lara is an exploration company following the Prospect Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits located mostly in Brazil and Peru. Lara’s common shares trade on the TSX Venture Exchange under the symbol “LRA”.

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/33511/Lara-Exploration-Announces-Issuance-of-Common-Share-Stock-Grants-and-Incentive-Stock-Options. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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