Cerro Resources NL Grants Stock Options
LONGUEUIL, QUEBEC -- (Marketwire) -- 01/11/12 -- Cerro Resources NL (the 'Cerro') (ASX: CJO)(TSX VENTURE: CJO) announces the grant of 5,250,000 stock options under Cerro's Executive and Staff Option Plan, of which an aggregate of 1,500,000 options was granted to an officer and an investor relations consultant. Subject to certain vesting conditions and TSX Venture acceptance, the options are exercisable at $0.17 and are valid until December 31, 2014.
About Cerro Resources
Cerro Resources is a precious and base metals exploration and development company. The Company is currently focused on Mexico where it is developing the Cerro del Gallo gold/silver project in the central state of Guanajuato, Mexico, actively exploring the Namiquipa silver project in northern Mexico, and commencing exploration on the Espiritu Santo gold/silver project in Jalisco. It also maintains an active working focus on the Mt Isa, Queensland, region where it is exploring the Mt Philp haematite project and it holds an interest in the Kalman molybdenum, rhenium, and copper project.
Additional information about the Company is available on the Company's website at www.cerroresources.com and on SEDAR at www.sedar.com.
Neither 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.
Contacts:
Tony McDonald
Managing Director
+61 7 3252 0122
admin@cerroresources.com
Craig McPherson
Chief Financial Officer
+61 7 3252 0122
admin@cerroresources.com
Ms. Gerri Paxton
Manager Investor Relations - N.A
+1-514-544-2696
gpaxton@cerroresources.com
www.cerroresources.com