Cornerstone Re-prices Stock Options
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
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.