Cornerstone Metals Inc. (TSX.V – 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,
Interim President and CEO
(403)804-8636 phone, (888)255-9404 fax or email@example.com
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.
This website includes certain "forward-looking statements" such as estimates and statements that describe Cornerstone Metal Inc.’s property, future plans, objectives or goals. All statements in this website, other than statements of historical facts, that address future production, resource potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or developments to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices, environmental conditions, judicial, regulatory and political developments, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions.