Milner Announces Cancellation of Existing Stock Options and Grant of New Stock Options Under Existing Plan
2009年3月10日 - 9:25AM
Marketwired
MILNER CONSOLIDATED SILVER MINES LTD. (Milner) (TSX VENTURE: MCA) -
announces that outstanding stock options totaling 632,850 common
shares have been cancelled effective March 9, 2009. The exercise
price of the cancelled options ranged from $0.25 to $0.335 per
common share and the expiry dates ranged from October 9, 2010 to
October 16, 2013.
Options to acquire a total of 632,850 common shares of Milner at
an exercise price of $0.10 per share expiring on March 8, 2014 have
been granted to 1 director and officer of Milner and one director
and officer of Milner's wholly-owned Mexican subsidiary. Options of
216,425 common shares have been granted to a director and officer
of the company and 416,425 common shares have been granted to a
director and officer of Milner's wholly-owned Mexican subsidiary.
The market price at close of previous day was $0.09. The grant of
this option is in accordance with the existing stock option plan.
The stock options are for a term of five years and vest
immediately.
The grant of the incentive stock options is subject to
regulatory approval.
Options totaling 111,000 common shares that were cancelled on
February 3, 2009 have been reinstated. The options for 37,000
common shares to each of the three directors who are not also
officers of the Company have an exercise price of $0.25 per share
and expire on October 16, 2013. The original grant of this option
is in accordance with the existing stock option plan. The stock
options are for a term of five years and vest immediately.
The incentive stock options that were cancelled and granted on
February 3, 2009 and reported in a press release dated February 3,
2009 did not receive regulatory approval and have been hereby
nullified.
Milner Consolidated Silver Mines Ltd. is a junior resource
company, quoted for trading on the TSX Venture Exchange under the
symbol MCA. There are currently 7,438,506 shares issued and
outstanding in Milner Consolidated Silver Mines Ltd.
On Behalf of the Board,
D.J. Bazinet, President
Shares Outstanding: 7,438,506
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Milner Consolidated Silver Mines Ltd. Deborah Bazinet
(705) 533-3430 (705) 533-1521 (FAX)
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