TORONTO, March 25, 2014 /CNW/ - Northquest Ltd. ("Northquest") (TSXV: NQ) wishes to announce that it has today granted an aggregate of 1,000,000 stock options to an officer and director of Northquest, each such stock option entitling the holder thereof to acquire one common share of Northquest at an exercise price of $0.135 for a period of five years. The grant was approved by the compensation committee of Northquest on February 26, 2014, and approved by the board of directors of Northquest on March 14, 2014. An aggregate of 500,000 such stock options vest immediately, with the remaining 500,000 stock options vesting on the first anniversary of the date of grant.
Northquest is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals.
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: Northquest Ltd.
For further information: Dr. Jon North, President and Chief Executive Officer, Tel. (416) 786-6348, www.northquest.biz