Mill City Announces Grant of Stock Options
13.11.2013 | Marketwire
CALGARY, ALBERTA -- (Marketwired - Nov 13, 2013) - Mill City Gold Corp. (the "Company") (TSX VENTURE:MC) (OTCBB:MCYGF) (FRANKFURT:NJ6) announces that it has granted directors of the Company and a consultant 2,200,000 incentive stock options (the "Stock Options"). Each Stock Option is exercisable to purchase one common share at a price of $0.06 per share until November 13, 2018. The options shall vest as to 100% on the date of the grant.Janice Brown and James R. Brown were each granted 750,000 Stock Options. Prior to being granted an aggregate of 1,500,000 Stock Options, Mrs. Brown and Mr. Brown owned an aggregate of 10,001,019 common shares, warrants exercisable to purchase an aggregate of 10,294,118 common shares, and stock options exercisable to purchase an aggregate of 623,529 common shares, which represented approximately 65.4% of the Company's outstanding common shares on an un-diluted basis and 79.8% on a partially-diluted basis (assuming exercise of only the convertible securities held by Mrs. Brown and Mr. Brown).
Mrs. Brown and Mr. Brown now own an aggregate of 10,001,019 common shares, warrants exercisable to purchase an aggregate of 10,294,118 common shares, and stock options exercisable to purchase an aggregate of 2,123,529 common shares, which represent approximately 65.4% of the Company's outstanding common shares on an un-diluted basis and 80.9% on a partially-diluted basis (assuming exercise of only the convertible securities held by Mrs. Brown and Mr. Brown).
For further information please visit the Company's website at www.millcitygold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James R. Brown
Chairman, President & CEO
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.
Contact
Mill City Gold Corp.
James R. Brown, Chairman, President & CEO
403-640-0110
www.millcitygold.com