-last Feb. 24, noront announced stock options and restricted stock units. The 683,350 restricted stock units are convertible into common shares next month. (please see below)
-anyone else feeling another round of stock options to be announced ..shortly?
Noront Resources Announces Issuance of Stock Options and Restricted Stock Units
TORONTO, ON–(Marketwired – February 24, 2017) – Noront Resources Ltd. (“Noront” or the “Company”) (TSX VENTURE: NOT) announces that the Company’s Board of Directors (the “Board”) has granted the option to acquire an aggregate of 5,003,417 common shares to directors, officers and management, with an exercise price of $0.25 per Common Share, the closing market price on the date of grant, exercisable for a period of five years. In addition, the Board has granted 683,350 restricted stock units convertible into common shares one year from the date of grant.
The options and restricted stock units were granted pursuant to Noront’s stock option plan and share awards plan respectively. The issuance of options and restricted stock units are subject to all applicable regulatory and exchange approvals.
