Milner Announces Exercise of Options and Grant of Stock Options
February 19 2008 - 1:58PM
Marketwired
PENETANG, ONTARIO (TSX VENTURE: MCA) - announces that options to
acquire 41,250 common shares of Milner at an exercise price of
$0.175 per share expiring on May 26, 2008 were exercised by a
director and officer of the Company's wholly owned Mexican
subsidiary on January 28, 2008. A further 352,250 common shares of
Milner at $0.175 were also exercised by a director and officer of
Milner Consolidated Silver Mines Ltd on January 28, 2008. The
exercise of these options increased the issued and outstanding
shares of the Company from 7,045,006 common shares to a total of
7,438,506 common shares as of January 28, 2008.
Further to the existing stock option plan 432,850 common shares
have been granted as options to these same two directors. 216,425
common shares have been granted to a director and officer of the
Company's wholly owned Mexican subsidiary on February 19, 2008 at
an exercise price of $0.335 per share and 216,425 common shares
have been granted to a director and office of Milner on February
19, 2008 at an exercise price of $0.335 per share.
The market price at close of previous day was $0.335. The grant
of this option is in accordance with the existing stock option
plan.
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.
Contacts: Milner Consolidated Silver Mines Ltd. Deborah Bazinet
(705) 533-3430 (705) 533-1521 (FAX)
Milner Consolidated Silver (TSXV:MCA)
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