VANCOUVER, BC, March 19, 2012 /CNW/ - NSX Silver Inc. (TSXV: NSY) is pleased to announce that its shares started trading on the TSX Venture Exchange on March 14, 2012 under the trading symbol "NSY" and that NSGold Corporation (TSXV: NSX) has completed all steps to effect the previously-announced "spin-out" of the shares of NSX Silver to the shareholders of NSGold.
NSX Silver also announces that in conjunction with the completion of the "spin-out" and commencement of trading, its Board of Directors has granted stock options in respect of 995,000 common shares to three of NSX Silver's directors and officers. The Board of Directors also granted stock options in respect of an aggregate of 395,000 common shares to seven of NSX Silver's employees and consultants. The exercise price of the options is $0.25 per share, equal to the closing price of NSX Silver's common shares on the TSX Venture Exchange on Thursday, March 15, 2012. The options vest immediately and will expire in ten years. The options were granted under NSX Silver's 2011 Stock Option Plan.
About NSX Silver
NSX Silver Inc. is a mineral exploration company actively exploring for silver and associated metals in Mexico. NSX Silver's principal property is the Dios Padre Project, Sonora State, Mexico which is held under an option agreement whereby NSX Silver can earn a 100% interest. NSX Silver's shares are listed on the TSX Venture Exchange under the symbol NSY.
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.
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