VANCOUVER, Aug. 27, 2012 /CNW/ - Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V: COL) announces the Company's Board of Directors has authorized, subject to regulatory approval, the grant of an aggregate of 200,000 stock options to Consultants & an Officer of the Company, of which 100,000 stock options are being granted to an officer and 50,000 stock options to each of the Consultants, each grant is subject to the terms of the Company's stock option plan.
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. The stock options have a five year term and each option allows the holder to purchase one common share of the Company at a price of $0.11 per share until August 28, 2017.
About Copper North
Copper North is a Canadian mineral exploration and development company. Copper North's assets include the Carmacks Copper Project located in the Yukon, and the high-grade, stratiform-copper Redstone Property, 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
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
Renmark Financial Communications