|By Marketwired .||
|April 25, 2014 06:30 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 04/25/14 -- Augyva Mining Resources Inc. ("Augyva" or the "Company") (TSX VENTURE: AUV) today announced that it has filed its audited financial statements for the year ended February 28, 2014. The statements, together with the related Management's Discussion and Analysis, can be found on SEDAR at www.sedar.com, and on the company's website at www.augyvamining.com.
In addition, the Company also announces that an aggregate of 300,000 options were awarded to two non-executive directors who recently joined the board and the Company's CFO pursuant to Augyva's stock option plan. The options are exercisable for five years at a price of $0.13 per share and vested on the date of grant.
About Augyva Mining Resources Inc.
Augyva is an exploration and development company holding five properties located in the James Bay and Abitibi regions of the Province of Quebec. Its major project is its 35% interest in the Duncan Lake Iron Property located in the western part of the La Grande Greenstone Belt. The property is accessible by road and covers approximately 25,602 hectares. Augyva received the results of a National Instrument 43-101 compliant Preliminary Economic Assessment prepared by Met-Chem Canada Inc. in March 2013. The property is subject to an option and joint venture agreement between Augyva and Canadian Century Iron Ore Corporation which has 65% interest in the property.
In addition to the Duncan Lake Iron Property, Augyva holds a 100% interest in four other mineral properties, namely: Yasinski and Kali in the James Bay region and Senneville and Malartic in the Abitibi region. At these mineral properties, the exploration focus is for other than iron ore.
Neither 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.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Augyva's disclosure documents on the SEDAR website at www.sedar.com. Augyva does not undertake to update any forward looking information except in accordance with applicable securities laws.
Kuldeep Billan, CFA
Augyva Mining Resources Inc.