TSX Venture Exchange Symbol FNR
SASKATOON, Aug. 23, 2016 /CNW/ - The board of directors
of 49 North Resources Inc. ("49 North" or the "Company") (TSXV:
FNR) has approved the grant of 2,250,000 stock options pursuant to
the Company's 2008 Stock Option Plan. 1,500,000 of the
options were granted to directors and executive officers, with the
balance granted to consultants. The options are exercisable
at $0.10 per share, and if not
exercised, expire August 23, 2026,
subject to earlier expiration in accordance with the 2008 Stock
Option Plan and the applicable policies of the TSX Venture
Exchange.
49 North is a Saskatchewan
focused resource investment company. 49 North's diversified
portfolio of assets includes investments in shares and other
securities of junior and intermediate mineral and oil and gas
exploration companies. Additional information about 49 North
is available at www.sedar.com.
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.
SOURCE 49 North Resources Inc.
