Cornish Metals Grants Incentive Stock Options


Related Document

Cornish Metals (TSX-V: CUSN) ("Cornish Metals" or the "Company) announces that the Board of Directors has approved the issuance of 5,150,000 incentive stock options (“options”) to Directors and Senior Management. The options have an exercise price of 10c per share and are valid for a 5 year period (expiring August 18, 2025). The options have a 12 month vesting period, with 20% vesting immediately and 20% vesting on quarterly basis over the next 12 months.

The Company’s Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options. As a result of this grant, the company has 11,150,000 options issued, representing 8.3% of the issued and outstanding share capital.

For more information please contact Irene Dorsman on (604) 210-8751 or by e-mail at irene@cornishmetals.com.

Blytheweigh (Financial PR/IR-London)  +44 207 138 3204        Tim Blythe       tim.blythe@blytheweigh.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Richard D. Williams”

Richard D. Williams, P.Geo

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 release

Subscribe to our Email List

We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.

Receive Notification of Future Opportunities

We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.

Stay in the loop

Subscribe to receive announcements and updates in your inbox