|By Marketwired .||
|July 3, 2014 12:20 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/03/14 -- EPM Mining Ventures Inc. ("EPM" or the "Company") (TSX VENTURE:EPK)(OTCQX:EPKMF) today announced that it has granted an aggregate of 2,100,000 options to non-officer directors of the Company; an aggregate of 550,000 options to officers of the Company and its subsidiaries; and an aggregate of 150,000 options to employees of the Company's subsidiary. All options are exercisable over a period of five years at a price of $0.40 per common share. Half of the non-officer director stock options vested immediately, one-quarter shall vest on September 30, 2014, and one-quarter shall vest on December 31, 2014. The options to officers of the Company and its subsidiaries and to employees of the Company's subsidiary shall vest in three equal installments on July 3, 2015, July 3, 2016, and July 3, 2017.
The options are granted pursuant to the Company's stock option plan, which was reapproved by shareholders at an annual and special meeting of shareholders held on June 23, 2014.
About EPM Mining Ventures
EPM is an exploration-stage company focused on specialty fertilizers. Through Peak Minerals Inc., its indirect wholly-owned subsidiary, EPM controls directly or through agreement mineral leases on more than 124,000 acres on its Sevier Lake Playa property in Millard County, Utah. With a brine resource known to contain potassium, magnesium, sulphate, lithium, and a suite of other beneficial minerals, EPM is targeting the development and production of specialty fertilizers, including SOP, through the use of a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts. With the recent completion of a Preliminary Feasibility Study, the Company is currently engaged in engineering and analysis designed to support a feasibility study, environmental permitting, and ultimately mineral production.
For more information, please visit our web site at www.epmmining.com.
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.
EPM Mining Ventures Inc.
Chief Executive Officer