North Atlantic Appoints Manager, Project Development and Issues Incentive Stock Options
21 January 2011 - 9:47AM
Marketwired
North Atlantic Resources Ltd. (TSX VENTURE: NAC) ("North Atlantic"
or the "Company") is pleased to announce the appointment of H.
Andrew Daniels, P. Geo. as North Atlantic's Manager, Project
Development.
Mr. Daniels obtained his B. Sc. from Acadia University in 1985.
Since 1985 Mr. Daniels has worked with industry leaders such as
Western Mining Corp., Senior Geologist, Kilborn SNC, Senior
Geologist Mining and Metallurgy Division, Minorco Services BV/Anglo
American plc, as Senior Project Geologist and Exploration Manager.
Mr. Daniels' expertise with resource evaluation and mineral
exploration in lateritic terrain are particularly welcomed by North
Atlantic.
The Company has granted an incentive stock option in respect of
150,000 common shares to Mr. Daniels. The option was granted
pursuant to the Company's existing Stock Option Plan, is
exercisable at $0.57 per share (being the closing price of the
Company's common shares on January 19, 2011), and has a five year
term expiring January 19, 2016.
North Atlantic has 57,726,124 common shares issued and
outstanding (83,668,018 shares on a fully diluted basis).
This press release has been prepared by North Atlantic Resources
Ltd. 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
and CEO (416) 703-6348 swaldie@nac-tsx.com
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