Vancouver,
Mr. Puznak will receive a monthly retainer of $5,000 per month for a period of 12 months. The monthly retainer will be paid from Canadian Minings unallocated working capital.
Canadian Mining will also grant to Mr. Puznak, subject to regulatory approval, options to purchase a total of 400,000 common shares, pursuant to its Stock Option Plan, exercisable at $0.10 per share for a one year period. Mr. Puznak is at arms length to Canadian Mining and advises that he does not own any securities of Canadian Mining aside from the stock options referred to above.
“I am very excited at the prospect of working with the Canadian Mining team, to assist them in growing the Company’s investor base and shareholder value,” comments Mr. Puznak. “I look forward to building a long lasting relationship with the Company and its shareholders.”
On behalf of the Board
Ray Paquette
President & CEO
For further information contact Mr. Ray Paquette 604.684.3301
Please see our web site for additional details: www.canadianmining.ca
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.