Investors
Press Releases
| Thu May 31, 2012 Approval of Fixed Share Option Plan and Grant of Share Options | |
| London, England, Arian Silver Corporation (the "Company") a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, announces that subject to approval by the TSX Venture Exchange (the "TSXV") , the Board approved the rolling share option plan to be converted to a fixed plan (the "Fixed Option Plan") under which 30,000,000 shares of the Company would be reserved for issuance representing approximately 9.94% of the currently issued and outstanding common shares of the Company. All currently subsisting options granted under any previous share option plan of the Company would form part of the 30,000,000 share limit. Furthermore, the Board has approved the grant of options to Eligible Persons (as defined in the Fixed Option Plan) over 1,000,000 common shares of the Company exercisable at a price of C$0.26 or £0.162 until 29 May 2017 pursuant to the rules of the share option plan. Such options vest immediately but may not be exercised until such time as the Fixed Option Plan has been approved by the TSXV. For further information please contact: Arian Silver Corporation Berkeley Square House Berkeley Square London W1J 6BD England OR Arian Silver Corporation Jim Williams CEO (London) +44 (0)20 7887 6599 jwilliams@ariansilver.com OR Arian Silver Corporation David Taylor Company Secretary (London) +44 (0)20 7887 6599 dtaylor@ariansilver.com OR Grant Thornton Corporate Finance Gerry Beaney / David Hignell (London) +44 (0)20 7383 5100 gerry.d.beaney@gtuk.com OR XCAP Securities PLC Karen Kelly (London) +44 (0)20 7101 7070 Karen.Kelly@xcapgroup.com OR Yellow Jersey PR Limited Dominic Barretto (London) +44 (0)7768537739 dominic@yellowjerseypr.com OR CHF Investor Relations Juliet Heading (Canada) +1 416 868 1079 x 231 juliet@chfir.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) and no stock exchange, securities commission or other regulatory authority accepts responsibility for the adequacy or accuracy of this release nor approved or disapproved of the information contained herein. | |
You can view the Next Press Releases item: Thu May 31, 2012, Approval of Fixed Share Option Plan and Grant of Share Options You can view the Previous Press Releases item: Wed May 30, 2012, Result of Annual General Meeting You can return to the main Press Releases page, or press the Back button on your browser. |
