CALGARY, Feb. 10, 2012 /CNW/ - Northern Spirit Resources Inc. ("Northern Spirit" or the "Company") (TSXV: NS) announces that it has issued 16,100,000 stock options in
accordance with the Company's shareholder approved stock option plan.
The stock options are exercisable at $0.10 per share, expire in five
years and vest as to one-third immediately and one-third on each of the
second and third anniversaries of the date of granting. Senior
officers, employees and consultants were granted a total of 13,100,000
options and directors were granted a total of 3,000,000 options.
Northern Spirit is a Calgary based junior oil and natural gas company
with operations focusing in the Cadogan, Klein, Sounding Lake and
Veteran areas of Alberta and the Hoosier area of Saskatchewan. The
common shares of Northern Spirit are listed on the TSX Venture Exchange
under the symbol "NS".
Neither the TSXV nor its Regulation Services Provider (as that term is
defined in policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this press release.
SOURCE Northern Spirit Resources Inc.
For further information:
Northern Spirit Resources Inc.
850, 396 - 11th Avenue SW
Calgary, Alberta T2R 0C5
Fax: (403) 269-1715
Kevin R. Baker Q.C., President & Chief Executive Officer
Dir: (403) 476-7010
John H. Cassels, Vice President Finance, Chief Financial Officer and Secretary
Dir: (403) 476-7008