Alphamin announces changes in board of directors and grant of stock options
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Alphamin announces changes in board of directors and grant of stock options

PORT LOUIS, MAURITIUS–(Marketwired – OCT. 20, 2015) – Alphamin Resources Corp. (TSX VENTURE:AFM) (“Alphamin” or the “Company“) announced today changes in its board of directors.

Mr. Eoin O’Driscoll, current Chief Financial Officer of the Company, was elected as a director at the Annual General and Special Meeting of the Company held on 13 October 2015, subject to regulatory approval. Mr. Juan Carlos Del Rio did not stand for re-election at the shareholders’ meeting and the Company wishes to thank Mr. Del Rio for his contributions to the Company during his tenure. All other incumbent directors of the Company were re-elected at the meeting.

Mr. O’Driscoll holds a Chartered Accountant designation from Institute of Chartered Accountants of Ireland. He has been working in the accounting field for the past 12 years of which the last 7 years have been in the mining sector and he spent 4 years with an international audit firm, KPMG in Ireland.

All other matters considered at the Annual General and Special Meeting were approved.

Grant of stock options

The Company also announced that, subject to regulatory approval, it has granted stock options under its stock option plan to Mr. Eoin O’Driscoll, its Chief Financial Officer, to acquire 759,038 common shares at a price of C$0.20 per share until 19 October 2020, with 15% of the options vesting after one year, a further 35% after 2 years and the final 50% after 3 years of the date of grant.


Charles Needham, Chairman

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 News Release.

Alphamin Resources Corp.
Charles Needham
+ 27 11 646 0264 or + 27 82 411 9977