The Fort Worth Press - Azarga Metals Shareholders Approve All Resolutions at Annual General and Special Meeting

Stock Option Plan

The Company's current Option Plan is a 10% "rolling" stock option plan which governs the granting of stock options to directors, officers, employees and consultants of the Company or a subsidiary of the Company for the purchase of up to 10% of the issued and outstanding common shares in the capital of the Company (the "Common Shares") from time to time.

Equity Incentive Plan

Shareholders of the Company approved the increase in the fixed reserve of the Equity Plan to 9,000,000 from the previous fixed reserve of 6,000,000, an increase of 3,000,000. The Company's Equity Plan governs the granting of any restricted share unit (RSU), performance share unit (PSU) or deferred share unit (DSU) (collectively the "Awards") granted under the fixed Equity Plan, to directors, officers, employees and consultants of the Company or a subsidiary of the Company. The Company has reserved for issuance a fixed number of Common Shares of up to 9,000,000.

AZARGA METALS CORP.

Gordon Tainton,
President and Chief Executive Officer

For further information please contact: Ben Meyer, at +1 (604) 536-2711 or visit www.azargametals.com. The address of the corporate office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.

Neither the 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

SOURCE: Azarga Metals Corp.

View the original press release on ACCESS Newswire

W.Matthews--TFWP