Mr. Ian Bliss reports
NORTHERN SHIELD GRANTS STOCK OPTIONS
Northern Shield Resources Inc. has granted options to acquire a total of 2.22 million common shares in the capital of the company to its directors and officers and a further 210,000 to employees and consultants pursuant to its shareholder approved stock option plan. Each option entitles the holder to acquire one common share at an exercise price of 12 cents per common share until June 6, 2030. Following such grant, Northern Shield now has outstanding under its stock option plan, options to acquire common shares equal to just under 8 per cent of Northern Shield's currently outstanding common shares.
About Northern Shield Resources
Inc.
Northern Shield Resources is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity to find a mineable deposit, near surface and at relatively low cost. The company implements a model-driven exploration approach to reduce the risk associated with early stage projects for itself, its shareholders and the environment. This approach led the company to option the Root & Cellar property from a Newfoundland prospector, who discovered the mineralization, and then its advancement to a large gold-silver-tellurium system.
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