cnw
OTTAWA, Oct. 6, 2011 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") [TSXV: NRN] is pleased announce that it has granted options to
acquire a total of 2,550,000 common shares pursuant to its Stock Option
Plan. Options to acquire a total of 1,500,000 common shares were issued
to Northern Shield's officers and directors, and the balance was issued
to employees and consultants of Northern Shield. Each option entitles
the holder to acquire one share for $0.25 for a period ending October
5, 2016, with the options all vesting as to 1/3 on the date of grant,
1/3 on the first anniversary of the date of grant and the final 1/3 on
the second anniversary of the date of grant. Following such grant of
options, Northern Shield now has outstanding under its Stock Option
Plan options to acquire up to 6.7% of Northern Shield's outstanding
common shares.
Northern Shield is an innovative, results-driven Canadian company
focused on PGE exploration in Ontario and Quebec. Its mission is to
create a successful mineral exploration company through technical
excellence and efficient management, where success is measured by the
identification and development of high-quality mineral exploration
projects, which may ultimately be optioned, sold or developed for
maximum return on investment. For further information on Northern
Shield and its properties.,
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
For further information:
Northern Shield Resources Inc. Ian Bliss President and CEO Tel.: (613) 232-0459 Fax: (613) 232-0760 info@northern-shield.com
