| ||March 20, 2008|
Orko Silver Corp. receives shareholder approval for Shareholder Rights Plan and Amendment to Stock Option Plan and announces grant of Stock Options
| ||VANCOUVER, British Columbia - Orko Silver Corp. - (TSX.V - OK) announces that at its shareholders meeting on March 13, 2008, Orko received shareholder approval to the Shareholder Rights Plan Agreement dated December 4, 2007 between the Company and Pacific Corporate Trust Company. At the meeting, the Company also received disinterested shareholder approval to Amendment No. 1 to its Stock Option Plan to increase the number of options available for grant to 20% of the Company's issued and outstanding shares as of January 21, 2008. All current and nominated directors were elected for another year term.|
The Company announces that it has granted to directors, officers and consultants options to purchase a total of 4,705,000 shares. All optioned shares are exercisable at an exercise price of $1.79 per share for a period of five (5) years ending March 20, 2013. One quarter of the options will vest every three months with the first quarter vesting immediately. The options have been granted under the terms of the Company's incentive stock option plan.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, contact Orko Silver Corp. at (604) 684-4691 or
via email at [email protected] or visit our website on line at www.orkosilver.com
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
*Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 000-51923, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml .
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