Silvermet Inc.
TSX VENTURE : SYI

Silvermet Inc.

November 20, 2009 10:04 ET

Silvermet Grants Options to Officer

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2009) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Silvermet Inc. ("Silvermet" or the "Company") (TSX VENTURE:SYI) announces that it has granted options to purchase up to an aggregate of 250,000 common shares of the Corporation to its new CFO, Jeff Dawley. The options are exercisable at the price of $0.15 per share and will expire on November 19, 2014, vesting as to 1/3 immediately, 1/3 after 12 months and 1/3 after 24 months. The options are granted in accordance with the Corporation's stock option plan and are subject to regulatory approval.

About Silvermet: Silvermet's Waelz kiln operations in Iskenderun, Turkey have been operating since mid-May to recover zinc contained in the Electronic Arc Furnace Dust ("EAFD") that is produced as a waste product by local steel mills.

The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.

Caution concerning forward-looking statements: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raised additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events except as may be required under applicable securities laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Silvermet Inc.
    Stephen G. Roman
    Chairman & CEO
    (416) 203-8336
    (416) 368-5146 (FAX)
    or
    Silvermet Inc.
    Rein A. Lehari
    President & COO
    (416) 203-8336
    www.silvermet.ca