Vancouver, British Columbia, August 23, 2012 (TSX Venture: EMX; NYSE MKT: EMXX) - Eurasian Minerals Inc. (“EMX” or the “Company”) announces that pursuant to the Company’s Stock Option Plan, an aggregate of 1,039,500 incentive stock options, exercisable at a price of $1.94 per share for a period of five years, have been granted to officers, directors, employees and consultants of the Company.
In addition, the Company intends to pay discretionary bonuses through the issuance of an aggregate of 364,500 common shares as a bonus to five officers and a director. The common shares will be issued under the Company’s Incentive Stock Grant Program of up to 300,000 common shares available each year which was approved by disinterested shareholders at the Company’s Annual General Meeting held on August 24, 2010 and through an additional one time issuance of up to 700,000 common shares as bonuses to certain officers and directors which was approved by shareholders at the Company’s Annual General Meeting held on August 16, 2011. The shares will be issued over a period of two years, with the initial tranche of 121,500 shares being issued upon final receipt of TSX Venture Exchange and NYSE MKT approval, and a further 121,500 on each of the first and second anniversaries.
The Company also announces that it intends to issue an aggregate of 707,000 common shares as a bonus to seventeen employees and consultants, subject to TSX Venture Exchange and NYSE MKT approval. An aggregate of 359,000 will be issued over a period of two years, with the initial tranche of 119,666 shares being issued upon final receipt of TSX Venture Exchange and NYSE MKT approval, and a further 119,667 on each of the first and second anniversaries. The other 348,000 shares will be issued over a three year period commencing on the first anniversary of TSX Venture Exchange and NYSE MKT approval and in accordance with the employees’ contracts.
All bonus shares will be subject to restrictions on transfer for a period of four months from issuance.
About Eurasian Minerals Inc.
EMX is a global gold and copper exploration company utilizing a partnership business model to explore the world’s most promising and underexplored mineral belts. EMX currently has projects in 11 countries on five continents, and generates wealth via grassroots prospect generation, strategic acquisition and royalty growth. Visit EMX’s website at www.EurasianMinerals.com for more information.
For further information contact:
David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: