Issuance of Common Share Stock Grants and Incentive Stock Options
March 14, 2018 (TSX Venture: LRA) - Lara Exploration Ltd., (“Lara” or the “Company”) announces that pursuant to its stock grant program, 250,000 common shares have been granted to certain officers of the Company for their ongoing efforts in assisting towards the continuing exploration success and future goals of the Company. The common shares will be issued over a period of three years, with the initial tranche of 83,333 shares being issued upon receipt of TSX Venture Exchange approval (the “Exchange”), and a further 83,333 shares on each of the first and second anniversaries. The shares will be subject to restrictions on transfer for a period of four months from issuance.
Additionally, Lara also announces that pursuant to its stock option plan, 350,000 incentive stock options exercisable at $0.72 per share, for a period of five years, have been granted to officers of the Company.
Lara is an exploration company following the Prospect Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits located mostly in Brazil and Peru. Lara’s common shares trade on the TSX Venture Exchange under the symbol “LRA”.
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.