AMSTERDAM, The Netherlands, May 17, 2017 (Canada NewsWire via COMTEX) — Meridian Mining S.E. (tsx v:MNO) (“Meridian” or the “Company”), today announced that the board of directors of the Company has approved the grant of an aggregate of 8,456,166 options (the “Options”) to purchase common shares in the capital of the Company to certain directors, officers, employees, and consultants of the Company. The Options are exercisable at a price of $0.44 per common share for a term of five years, until May 17, 2022. The granting of the Options is subject to regulatory acceptance of applicable filings.The Options shall be exercisable, subject to the receipt by the Company of any required regulatory approval, four months after the grant.
Meridian Mining S.E. is focused on the acquisition, exploration, development and mining activities in Brazil. The Company is currently focused on exploring and developing the Jaburi manganese and gold projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia. The Company employs a two-pronged strategy with the objective of growing pilot production while advancing a parallel multi-commodity regional exploration program. Meridian is currently producing high grade manganese at its project located at Espigão de Oeste.
Further information can be found at www.meridianmining.co.
On behalf of the Board of Directors of
Meridian Mining S.E.
“Anthony Julien”Anthony JulienPresident, CEO and Director
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company’s plans for exploration and development of its properties and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned;…