Continental Precious Minerals Inc.
TSX VENTURE : CZQ

Continental Precious Minerals Inc.

November 14, 2006 17:13 ET

Continental Amends Stock Option Plan To Increase Number Of Available Shares

TORONTO, ONTARIO--(CCNMatthews - Nov. 14, 2006) - Continental Precious Minerals Inc. (TSX VENTURE:CZQ)(the "Company" or "Continental") announces that at its annual and special meeting of shareholders held earlier today, the shareholders of the Company approved an amendment to the Company's stock option plan to increase the number of common shares available for issuance pursuant to the exercise of stock options by 3,527,180 common shares. Such number represents approximately 12.8% of the currently issued and outstanding common shares. Without this increase, no additional options could be granted under its stock option plan.

THIS PRESS RELEASE WAS PREPARED BY CONTINENTAL, WHICH ACCEPTS RESPONSIBILITY FOR ITS ACCURACY.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THE INFORMATION CONTAINED HEREIN.

Contact Information

  • Continental Precious Minerals Inc.
    Ed Godin
    President
    (416) 805-3036