Canadian Zinc Corporation: 10% Rolling Stock Option Plan Adopted, Stock Options Granted.TORONTO -- Canadian Zinc Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CZN) announces that, following amendments made by the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. to its Company Manual effective January 1, 2005, the Company has implemented amendments to its stock option plan to change the maximum number of common shares which may be made subject to option from time to time from a fixed number to a rolling maximum of 10% of the Company's issued and outstanding share capital at the time of grant. The amendments were described in the Company's Information Circular Information Circular A document sent to shareholders outlining important matters to be discussed at the annual shareholders' meeting. Notes: Sent along with a proxy, the information circular may cover matters such as the election of the Board of Directors, possible dated May 14, 2004 (available on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com) and approved by shareholders at the Company's Annual Meeting held on June 16, 2004. Currently outstanding options to purchase common shares of the Company will continue to be exercisable and will be governed by and subject to the terms of the amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. plan. Based on the Company's current issued and outstanding common share amount of 69,394,942, the amended rolling plan maximum is currently 6,939,494 common shares. Prior to the amendments to the plan, the fixed plan maximum was 6,350,000 common shares. The Board of Directors has approved the grant, subject to regulatory approval, of incentive stock options under the previously approved 2004 10% Rolling Stock rolling stock Any of various readily movable transportation equipment such as automobiles, locomotives, railroad cars, and trucks. Rolling stock generally makes good collateral for loans because the equipment is standardized and easily transportable among Option Plan to eleven directors, officers, consultants and service providers for the purchase of a total of 3,650,000 shares in its capital. The options are exercisable before January 14, 2010 at the price of $0.60 per share. A more extensive description of the Company's activities is available on the Company's web site at www.canadianzinc.com Canadian Zinc Corporation (TSX:CZN) |
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