Milner Announces Grant of New Stock Options Under Existing Plan
05 May 2009 - 1:59AM
Marketwired Canada
MILNER CONSOLIDATED SILVER MINES LTD. (TSX VENTURE:MCA) (Milner) - announces
that options to acquire a total of 111,000 common shares of Milner at an
exercise price of $0.11 per share expiring on May 3, 2014 have been granted to
three directors of the Company who are not also officers. Options of 37,000
common shares have been granted to each director. The market price at close of
previous day was $0.11. 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.
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
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