VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 15, 2015) - Handa Copper Corporation (TSX VENTURE:HEC) ("Handa" or the "Company"), wishes to announce that it has granted incentive stock options (the "Options") to its directors, employees and consultants for the right to purchase up to an aggregate of 1,360,000 common shares of the Company, exercisable at the price of $0.15 per share for two (2) years. The Options shall vest quarterly; and shall be exercisable from time to time up to but not after April 15, 2017, and be subject to the Vesting Schedule: The Option Shares shall become vested at the end of every successive quarterly period, with eight (8) equal tranches over twenty four (24) months); upon the conclusion of every three (3) months subsequent to the date of the grant of option, such that the Optionee will be vested with the right to exercise one hundred percent (100%) of his option upon the conclusion of twenty four (24) months from the date of the grant of the option. (By way of example, in the event that Optionee did not exercise one-eighth (1/8) of his option at the conclusion of the three (3) months from the date of the grant of the option, he would be entitled to exercise one-quarter (1/4) of his option upon the conclusion of six (6) months from the date of the grant of the option).
The stock options to be granted will be in accordance with the Company's Stock Option Plan and will have the required four (4) months hold period legend pursuant to policies of the TSX Venture Exchange.
About Handa Copper Corporation
The geological parallels between the RoC and the Central African Copperbelt (CACB), the world's richest copper province, have been recognized since the 1930s. However, sustained modern exploration has never been carried out on the former.
Previously undisclosed archival records acquired by the Company, which included more than 10,000 stream sediment and soil samples, confirm the potential for CACB-style copper deposits on the Company's exploration licenses in the RoC. In addition, new data from regional airborne magnetic surveys and geological mapping will assist the Company to effectively prioritize exploration targets for drilling in the second half of 2015.
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.