| ||May 15, 2009|
Orko Silver Corp. Announces Grant of Stock Options
| ||VANCOUVER, British Columbia - Orko Silver Corp. -- (TSX.V - OK) The Company announces that it has entered into an agreement with Incorporated Communications Services (ICS) of Los Angeles, California under which ICS will conduct media awareness and investor-relations programs on behalf of the Company. ICS is a media-relations specialist in the natural resource and gold exploration sectors. |
The Company will pay ICS a monthly fee of US$5,000 for the six-month term of the Agreement, and has the right to terminate or extend it thereafter. Pursuant to the agreement, Orko will also grant 150,000 incentive stock options to principals of ICS, at an exercise price of $0.80, subject to any required regulatory and shareholder approvals and conditions. The stock options have a three-year term, and vest in respect of 25% of the shares under option three months from the date of the agreement, and in respect of an additional 25% every three months thereafter, so that the stock options will be fully vested one year after the date of the agreement. The options have been granted under the terms of the Company's incentive stock option plan. ICS currently has no direct or indirect interest in securities of Orko, or any right or intent to acquire such an interest otherwise than pursuant to the exercise of the referenced options.
About Orko Silver
Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in Durango State, Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
"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."
For further information, contact Orko Silver Corp. at (604) 684-4691 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.
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