VANCOUVER, May 19 /CNW/ - NEMI Northern Energy & Mining Inc. ("NEMI" or the "Company" / TSX: NNE.A) announces that it has granted an aggregate of 400,000 incentive stock options, each exercisable into a Class "A" common share of the Company at price of $0.60, to its directors pursuant to the Company's 2006 Stock Option Plan (the "Plan"). The Plan was ratified by the shareholders of the Company at its 2009 Annual and Special Meeting. 275,000 Options have an expiry date of September 30, 2015, and the remaining 125,000 Options have an expiry date of September 30, 2016.
NEMI is also pleased to announce that Mr. Michael Cooney, NEMI's Chairman of the Board, has also been formally appointed to the office of Chief Executive Officer.
SOURCE NEMI NORTHERN ENERGY & MINING INC.
For further information: For further information: Michael Cooney, Chairman, NEMI Northern Energy & Mining Inc., (T) (604) 684-1554, (T) (415) 339-8825, (F) (604) 684-1556, E-mail: email@example.com