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ICS Issues Stock Options to New Director
Abbotsford, Canada (ots/PRNewswire) - At the Directors' meeting on January 6, 2010, the Company issued 375,000 options to Markus Janser at an exercise price of CDN$0.10 per share. These options will expire on January 6th, 2015. The Company has 501,387 options remaining for issuance under their existing Incentive Stock Option Plan.
Mr. Markus Janser was appointed as a Director at the Company's AGM on December 22, 2009. Mr. Janser graduated with a MCom from University of Fribourg in Switzerland in 1994. He worked for Swiss Banking Group UBS in London, Zurich and Johannesburg in Private Banking and Asset Management and was part of the Project and Implementation Team for UBS merger with SBC forming the largest Private Banking and Asset Management Company worldwide. In 2000 Mr. Janser formed his own Asset Management Company based in Switzerland and Johannesburg. He retired from the Company in 2007 and since has been consulting to a Private Investor group focused on junior mining and exploration and to an international retail group within South Africa.
President & CEO of ICS, Graham Chisholm comments: "We welcome Markus to the board. We are particularly pleased to have someone with his background and strategic thinking on our team".
ICS COPPER SYSTEMS LTD.
Graham Chisholm, President & CEO
This release includes certain statements that are "forward-looking statements". All statements in this release, other than statements of historical facts that address future exploration, development and production activities, and other circumstances, events and developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results, events and developments may differ materially from those in the forward-looking statements. The occurrence of certain risk factors, the probability of which is unknown, may also affect actual results, events and developments expected by the Company.
Neither the 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.
ots Originaltext: ICS Copper Systems Ltd
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