TSX Venture Exchange Symbol FNR
SASKATOON, July 16, 2013 /CNW/ - 49 North Resources Inc. ("49 North" or
"Company") (TSX Venture: FNR) has approved the grant of 1,175,000 stock
options pursuant to the Company's 2008 Stock Option Plan. 900,000 of
the options were granted to directors and executive officers, with the
balance granted to employees and consultants. The options are
exercisable at $0.30 per share, and if not exercised, expire July 12,
2023, subject to earlier expiration in accordance with the 2008 Stock
Option Plan and the applicable polices of the TSX Venture Exchange.
49 North is a Saskatchewan focused oil and gas exploration, development
and production company with a significant resource investment portfolio
and strategic operations in financial, managerial and geological
advisory services. Our diversified portfolio of assets includes direct
project involvement in the resource sector, as well as 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.
For further information:
49 North Resources Inc.
President and Chief Executive Officer
306-653-2692 or firstname.lastname@example.org.