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VANCOUVER, Jan. 24, 2020 /CNW/ - Hannan Metals
Limited ("Hannan" or the "Company") (TSXV: HAN) (OTCPK:
HANNF) announces the granting of stock options to
directors and officers of the Company to acquire an aggregate of
2,260,000 common shares of the Company, exercisable at C$0.25 per common share, for a period of 3
years.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of any
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities have not
been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act"), or the securities laws of any state of the United States, and may not be offered or
sold in the United States or to,
or for the account or benefit of, U.S. persons (as defined in
Regulation S under the U.S. Securities Act) absent registration
under the U.S. Securities Act and applicable state securities laws
or an applicable exemption from such registration requirements.
About Hannan Metals Limited
(TSX.V:HAN) (OTCPK:
HANNF)
Hannan Metals Limited is a natural resources and
exploration company developing sustainable and ethical resources of
metal needed to meet the transition to a low carbon economy. Over
the last decade, the team behind Hannan has forged a long and
successful record of discovering, financing and advancing mineral
projects in Europe and
Peru.
Hannan's 100% owned San Martin project encompass a newly
identified, basin-scale high-grade copper-silver system situated
along the foreland region of the eastern Andes Mountains in
Peru and neighboring countries.
Geologically, these share similarities with sedimentary
copper-silver deposits including the vast
Kupferschiefer deposit in Eastern
Europe and deposits of the African Copper Belt situated in
sub-Saharan Africa, two of the largest copper districts on earth.
Hannan recognized the exceptional potential for large copper-silver
deposits in this part of Peru and
has aggressively staked a commanding position over 521 square
kilometres ("sq km") of prospective geology.
Mr. Michael Hudson FAusIMM, Hannan's Chairman and CEO, a
Qualified Person as defined in National Instrument 43-101, has
reviewed and approved the technical disclosure contained in this
news release.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman &
CEO
Forward Looking Statements
Certain information set
forth in this news release contains "forward-looking statements",
and "forward- looking information" under applicable securities
laws. Except for statements of historical fact, certain information
contained herein constitutes forward-looking statements, which
include the Company's expectations regarding future performance
based on current results, expected cash costs based on the
Company's current internal expectations, estimates, projections,
assumptions and beliefs, which may prove to be incorrect. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause the Company's actual performance and
financial results in future periods to differ materially from any
projects of future performance or results expressed or implied by
such forward-looking statement. These risks and uncertainties
include, but are not limited to: The Company's expectations
regarding timing to start and complete field work and outcome of
results, the timing and granting of the claim applications in
Peru, community relations,
liabilities inherent in mine development and production, geological
risks, the financial markets generally, and the ability of the
Company to raise additional capital to fund future operations.
There can be no assurance that forward-looking statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. The
Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements.
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.
SOURCE Hannan Metals Ltd.
