PRESS RELEASE
Stockholm, January 22, 2016
Auriant Mining AB (publ) is pleased to announce the following management changes: Vladimir Churin will again take the position of Chief Geologist, and Marina Baykalova is appointed as Acting HR Director.
Sergey Shumilov (who held HRD position from 2012) and Igor Pashkov (who held Chief Geologist position from April 2015) have left the Company. The management changes will have a beneficial effect on Auriant's overhead costs.
Following termination of Mr. Shumilov's employment, his vested stock options, namely 66,666 stock options 2013/2018 series I (with strike price SEK 15) and 20,000 stock options 2014/2019 series I (with strike price SEK 5.85) will remain exercisable during 6 months, i.e. until 16 July 2016, but not later. All other Mr. Shumilov's stock options have expired with immediate effect.
Mr. Pashkov's stock options have not yet vested, and as such, have expired upon termination of his employment.
For more information, please contact:
Sergey Ustimenko, CEO tel: +7 495 660 22 20
e-mail: sergey.ustimenko@auriant.com
Company name: Auriant Mining AB Short name: AUR
ISIN-code: SE0001337213
Website: www.auriant.com Twitter: @auriantmining
Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in Zabaikalye and the Republics of Khakassia and Tyva. The company has currently four assets, including two operating mines (Tardan and Solcocon) one early stage exploration asset and one development asset. The group's mineral licenses are estimated to contain official Russian State Reserves Committee (GKZ) reserves of 829 500, 000 troy ounces (1 oz
= 31.1 g) in the C1 and C2 categories and 500,000 troy ounces in NI 43-101 standard.
Since July 19, 2010, Auriant Mining´s shares are traded on First North Premier at the NASDAQ OMX Nordic Exchange under the short name AUR. For more information please visit www.auriant.com. Mangold Fondkommission is Certified Adviser to Auriant, for more information please call +46 8 503 015 50 or visit www.mangold.se.
This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action as a whole or in part is subject to legal restrictions. Nothing in this press release should be considered as an offer to invest or otherwise trade in shares of Auriant Mining AB (publ). The proposed issue will not be directed at residents or those living in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action would require further prospectus, other offering documentation, registration or other measures beyond those required by Swedish law. No securities will be registered under the United States Securities Act of 1933, a similar law in any state in the United States, or under any provincial law in Canada, nor under the applicable law of another country.
Auriant Mining AB issued this content on 2016-01-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 08:09:03 UTC
Original Document: http://www.auriant.com/upload/iblock/531/531d8ae0c30808376e01449584213304.pdf