Shares Outstanding: 154,578,457
Fully Diluted: 164,898,457
TORONTO, June 30 /CNW/ - Noront Resources Ltd. ("Noront" or the
"Company") (TSX Venture: NOT) announces that pursuant to the Company's Stock
Option Plan and subject to any regulatory approvals, it has granted 3,865,000
Stock Options set at Cdn.$0.62 for a period of five years (2014) to new and
existing employees and consultants of the Company. These Stock Options have a
three year vesting period. None of these Stock Options were granted to the
existing Members of the Board of Directors.
Effective June 29, 2009 Joanne C. Jobin joins the Company as Vice
President, Corporate Communications, in this capacity she will also serve as
Corporate Secretary, be responsible for all Investor Relations initiatives and
all office administration for Noront. Ms. Jobin began her career in the
investor relations industry with Barrick Gold in 1986, where she helped to
develop its early investor relations and corporate communications programs.
Ms. Jobin has worked in the natural resources sector and managed the investor
relations and communications programs for a number of large publicly traded
companies including J.P. Morgan & Co., Canadian Tire Corporation, HEPCOE
Credit Union and she was also Director of Investor Relations for IAMGOLD
Corporation. She is the co-founder of The F.I.R.M. a company focused on
investor relations marketing for public companies with interests in the
natural resource sectors. Wes Hanson, President and Chief Executive Officer
states, "As a consultant to Noront, Ms. Jobin has been an integral part of the
Company's communications and management process over the past year, Joanne
brings with her a wealth of experience to Noront and we look forward to her
valuable input as a member of the team as we continue to advance our McFaulds
Lake projects. Joanne's experience and professionalism will ensure all
shareholders are well informed and fully aware of key issues."
About Noront Resources
Noront Resources is focused on its significant and multiple, high-grade
nickel-copper-platinum-palladium, chromite and vanadium discoveries in an area
known as the "Ring of Fire", an emerging multi-metals district located in the
James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at
the Ring of Fire and continues to delineate and prove up its discoveries with
NI 43-101 technical and economic reports and an aggressive drill plan for
ON BEHALF OF THE BOARD OF DIRECTORS:
"Wesley (Wes) C. Hanson"
President & Chief Executive Officer
Noront Resources Ltd.
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions, projections
and forecasts. Forward-looking statements include, but are not limited to,
statements that address activities, events or developments that the Company
expects or anticipates will or may occur in the future, including such things
as future business strategy, competitive strengths, goals, expansion, growth
of the Company's businesses, operations, plans and with respect to exploration
results, the timing and success of exploration activities generally,
permitting time lines, government regulation of exploration and mining
operations, environmental risks, title disputes or claims, limitations on
insurance coverage, timing and possible outcome of any pending litigation and
timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by
the use of words such as "plans", "planning", "planned", "expects" or "looking
forward", "does not expect", "continues", "scheduled", "estimates",
"forecasts", "intends", "potential", "anticipates", "does not anticipate", or
"belief", or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: please contact the Investor Relations
Department at (416) 238-7226, firstname.lastname@example.org or visit
Noront's website at: http://www.norontresources.com