June 16, 2015 – Toronto, Ontario:
Royal Road Minerals Limited (TSXV:RYR) (the “Company”) a gold and copper focused mineral exploration and development company, announces that it has granted incentive stock options to purchase an aggregate of 1,000,000 ordinary shares of the Company to certain officers, employees and consultants of the Company pursuant to the Company’s stock option plan, of which options to purchase a total of 450,000 ordinary shares were granted to the Company’s Chief Financial Officer and Company Secretary. No other director or officer received any of the options. The options are exercisable until October 15, 2016 at a price of $0.25 per share and shall vest as to 30% of the options, 60 days from the grant date; as to a further 30% of the options, 90 days from the grant date; and as to the remainder of the options, 120 days from the grant date.
In Colombia Royal Road Minerals operates through its wholly-owned Colombian companies Minerales Camino Real SAS founded in 2015 and Exploraciones Northern Colombia SAS acquired from previous owners in 2019. In Argentina Royal Road Minerals operates through its wholly owned Argentinian company, Minerales Camino Real Argentina. In Saudi Arabia and Morocco the Company operates through its 50% owned Saudi Arabian registered subsidiary, Royal Road Arabia.
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