VANCOUVER, Feb. 3, 2012 /CNW/ - The Board of Directors of Copper North
Mining Corp. ("Copper North" or the "Company") (TSXV: COL) has
authorized the issuance of stock options to employees to purchase
370,000 common shares. This amount includes stock options granted to
the Company's Manager of Investor Relations.
The stock options will vest over a two year period: with one third
vesting on the date of grant, one-third on the first anniversary date
and one-third on the second anniversary date. These stock options have
a five year term and allow the holder to purchase one common share of
the Company for $0.30 per share until February 3, 2017.
About Copper North
Copper North is a Canadian mineral exploration and development company.
Copper North's mineral resource assets include the Carmacks Copper
Project located in the Yukon, and the high-grade, stratiform-copper
Redstone Deposit, located in the Northwest Territories. Copper North
trades on the TSX Venture Exchange under the symbol COL. Please visit www.coppernorthmining.com.
On behalf of the Board of Directors:
"Sally L. Eyre"
Dr. Sally L. Eyre
President, CEO and Director
This news release includes certain "forward-looking statements" There
can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. In making the forward-looking
statements in this release, the Company has applied certain factors and
assumptions that the Company believes are reasonable. Forward-looking
statements in this release are subject to numerous risks, uncertainties
and other factors that could cause actual results to differ materially
from those express or implied in such forward-looking statements. The
Company expressly disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation.
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.
SOURCE Copper North Mining Corp.
For further information:
Peter Oates, Manager, Investor Relations