| February 10, 2010 Columbus Silver Corporation Implements New Stock Option Plan and Grants Options | |
| Vancouver, British Columbia, Canada. February 10, 2010. Columbus Silver Corporation (CSC: TSX-V) ("Columbus Silver" or the "Company") announces that it has implemented a new stock option plan, representing a fixed 20% plan in accordance with TSX Venture Exchange policies. Under the new plan, the Company is authorized to issue up to 6,425,346 stock options. In accordance with the stock option plan, the Company has granted incentive stock options to certain of its officers, directors and consultants to purchase up to an aggregate of 1,507,000 common shares exercisable on or before January 26, 2015 at a price of $0.15 per share. 121,500 of the aforementioned stock options are granted to the Company's investor relations consultant and are set to vest as to 25% every three months over a twelve month period. In accordance with TSX Venture Exchange rules, the foregoing options may not be exercised until shareholder approval is obtained for the new plan. The Company expects to place the new plan before its shareholders at its upcoming Annual General Meeting, the date for which has not been announced. ON BEHALF OF THE BOARD, Robert F. Giustra President & CEO, Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information contact: Ray Lagace Investor Relations 604-638-3474 1-866-689-2599 info@columbussilvercorp.com | |
