OTTAWA, June 26, 2019 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company") (TSXV:
NRN) is pleased to announce the election of Mr. Don Bubar to the Board of Directors of Northern
Shield. Mr. Bubar is a professional geoscientist with 40 years'
experience in mineral exploration and development mainly in
Canada. Mr. Bubar grew up in
Truro, Nova Scotia before
graduating from McGill University
(B.Sc.1977, Geological Sciences) and Queen's University (M.Sc.
Applied Min.Ex.,1981). Since 1995, Mr. Bubar has been
President and CEO of Avalon Advanced Materials Inc. (formerly
Avalon Rare Metals Inc.), a mineral development company with a
primary focus on technology metals. This includes the active
East Kemptville tin-indium project
in southwestern Nova Scotia and
previously gold-copper exploration in northern Nova Scotia. Mr. Bubar served as a Director of
the PDAC and Chair of its Aboriginal Affairs Committee both for 9
years. He serves on the Boards of Imperial Mining Group, Wolfden
Resources Corporation, Mining Matters (a not-for-profit
organization founded by PDAC) and serves on the Advisory Board to
the Faculty of Science of McGill
University.
Mr Bubar replaces Dr Frank
Santaguida, whom for reasons of time constraints, did not
stand for re-election.
"We are very pleased to have Mr. Bubar on board," says Northern
Shield President and CEO Ian Bliss,
"he is highly regarded in the industry and brings to Northern
Shield a wealth of exploration and development experience in
Nova Scotia along with a
well-developed network in the Province and elsewhere. On behalf of
the Board I would also like to pass on our thanks to Frank for his
service to Northern Shield."
Northern Shield also announces that it has granted options to
acquire a total of 4,000,000 common shares pursuant to its
shareholder approved stock option plan (the "Stock Option
Plan"). Options to acquire a total of 3,200,000 common shares
were issued to Northern Shield's officers and directors, and the
balance were issued to employees and consultants. Each option
entitles the holder to acquire one share for $0.10 per share until June
26, 2024. This grant of options is the first the Company has
made in three years. Following such grant, Northern Shield now has
outstanding under its Stock Option Plan, options to acquire just
under 7 .1% of Northern Shield's outstanding common shares.
Northern Shield Resources Inc. is a Canadian-based company
focused on generating high-quality exploration programs with
experience in many geological terranes. It is known as a leader in
executing grass roots exploration program for Ni-Cu-PGEs and
utilizing expertise and innovation toward working on other deposit
types. Seabourne Resources Inc. is a wholly-owned subsidiary
of Northern Shield and focussing on epithermal gold and related
deposits in Atlantic Canada and
elsewhere.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Northern Shield Resources Inc.