Noront Resources Issues Stock Based Compensation
October 01 2020 - 12:04PM
Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture:
NOT) announced today that the Noront Board of Directors has granted
1,101,419 restricted stock units (RSU’s) convertible into common
shares of the Company six months from the date of grant, being
March 30, 2021. The RSU’s were granted to various Directors,
Officers and Management pursuant to Noront’s share awards plan and
will be used to compensate, incentivize, and retain key members of
the Board, Officers and Management team.
In addition the Board of Directors has granted
the option to acquire 50,000 common shares to a consultant for past
services, with an exercise price of $0.1750 per Common Share, the
closing market price on the date of grant, exercisable for a period
of five years. One third of the options vest immediately with the
remaining options vesting in equal parts over the next two
years.
The issuance of options and restricted stock
units are subject to all applicable regulatory and exchange
approvals.
About Noront ResourcesNoront
Resources Ltd. is focused on development of its high-grade Eagle’s
Nest nickel, copper, platinum and palladium deposit and the world
class chromite deposits including Blackbird, Black Thor, and Big
Daddy, all of which are located in the James Bay Lowlands of
Ontario in an emerging metals camp known as the Ring of Fire.
www.norontresources.com
For more information:Greg
Rieveleygreg.rieveley@norontresources.com(416) 367-1444
Noront Resources (TSXV:NOT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Noront Resources (TSXV:NOT)
Historical Stock Chart
From Sep 2023 to Sep 2024