North Atlantic Appoints J. Gianni Kovacevic to the Board of Directors
20 October 2010 - 11:44PM
Marketwired
North Atlantic Resources Ltd. (the "Company") (TSX VENTURE: NAC) is
pleased to report that Mr. J. Gianni Kovacevic has been appointed
as Director of the Company.
Scott Waldie, President and CEO of the Company, stated, "On
behalf of the Board of Directors of the Company, I am very pleased
to announce the appointment of Mr. Kovacevic to the Board of
Directors of North Atlantic Resources Ltd. Mr. Kovacevic is also
Chairman and a Director of Romulus Resources, a TSX venture listed
company. We look forward to Mr. Kovacevic's guidance to help direct
the Company as it focuses on its core gold exploration projects in
Mali. Mr. Kovacevic is a natural resource strategist and
independent resource company investor. Mr. Kovacevic brings a
wealth of international resource-based investing experience and
exploration financing to the Board of Directors."
Mr. Kovacevic said, "I look forward to adding my unique skill
set to help guide the future strategies on North Atlantic's various
mineral concessions in Mali."
North Atlantic has also granted incentive stock options to buy
250,000 shares of North Atlantic at a price of CAD $0.55 per share.
The options shall have a five year term expiring on October 19,
2015.
The Company's common shares are listed on the TSX Venture
Exchange, under the symbol NAC. North Atlantic has 55,374,360
common shares issued and outstanding (82,640,111 shares on a fully
diluted basis). Please visit the Company's website www.nac-tsx.com
to view project details and planned exploration programs.
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.
Contacts: North Atlantic Resources Ltd. Scott Waldie President
& CEO (416) 703-6348 (416) 703-6507 (FAX) info@nac-tsx.com
www.nac-tsx.com
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