Milner Consolidated Silver Mines Ltd.

May 04, 2009 21:49 ET

CORRECTION FROM SOURCE: Milner Announces Grant of New Stock Options Under Existing Plan

TORONTO, ONTARIO--(Marketwire - May 4, 2009) - A correction from source is being issued with respect to the release sent out today, May 4, 2009 at 11:59 AM. The exercise price and market price were incorrect. The corrected version follows.

MILNER CONSOLIDATED SILVER MINES LTD. (Milner) (TSX VENTURE:MCA) announces that options to acquire a total of 111,000 common shares of Milner at an exercise price of $0.13 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 $0.13. 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

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

Contact Information

  • Milner Consolidated Silver Mines Ltd.
    Deborah Bazinet