Cornerstone Metals Inc.

Cornerstone Metals Inc.

December 07, 2012 15:33 ET

Cornerstone Metals Announces Repricing of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2012) - Cornerstone Metals Inc. (TSX VENTURE:CCC) (the "Company"), announces that it has re-priced 187,000 outstanding incentive stock options of the Company from exercise prices ranging between $0.70 and $1.50 to $0.12. The options are held by insiders and expire from dates ranging from November 14, 2013 to March 22, 2015. The options are held as follows:

Name Number of Options
Paul S. Cowley 70,000
Robert G.McMorran (Malaspina Consultants.) 47,000
Frederick J. Sveinson 70,000

The Company sought and received disinterested shareholder approval at the annual general meeting held on July 19, 2011. The re-pricing is subject to approval of the TSX Venture Exchange.

On Behalf of the Board of Directors,

Courtney Shearer, Interim President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cornerstone Metals Inc.
    Courtney Shearer
    Interim President and CEO
    (403) 804-8636
    (888)255-9404 (FAX)