Canadian International Minerals Approves Meeting Resolutions and Reprices Stock Options

 Canadian International Minerals Inc. (TSXV:CIN) approved all items tabled at its Annual General and Special Meeting held on May 17, 2013. Michael Schuss, Tor Bruland, Garth Evans, J. Casey Forward, and Christopher Verrico were elected as directors, and Mackay LLP were appointed as auditors. A 2013 stock option plan was approved, and so was a special resolution of disinterested shareholder approving the repricing of stock options held by insiders of the Company. The Company also repriced certain stock options.

As quoted in the press release:

The Company further announces that it has repriced the following stock options:

250,000 common shares at a price of $0.53 per share until February 1, 2016; and
2,750,000 common shares at a price of $0.21 per share until April 21, 2016.

All of the foregoing options have been repriced to $0.10 per share, subject to the acceptance of the TSX Venture Exchange. The term of the options remains the same. Details of the insider repricings are disclosed in the Company’s Information Circular dated April 22, 2013 which is available on SEDAR at www.sedar.com.

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