NR: 1.6 Million options to Mgmt @0.10 term 5 yrs.Not a news release you expected? Ooooops
Mgmt. feathering their nest.
Big North Graphite Grants Stock Options (tnw)
(via Thenewswire.ca)
Vancouver, B.C. / TNW-ACCESSWIRE / March 31, 2014/ BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (OTC: BNCIF) (the "Company" or "Big North"), announces that its Board of Directors has approved the grant of 1,600,000 stock options to directors, officers, employees and consultants of the Company pursuant to the Company's approved stock option plan. The options are exercisable at a price of $0.10 per share and have a term of five years from the date of grant.
About Big North Graphite Corp.
Big North is a graphite development and exploration company focused on select projects in Mexico and Canada. The Company acquired three past producing amorphous graphite mines in Sonora, Mexico and is working towards accelerating the restart of the Nuevo San Pedro amorphous graphite mine. Big North is currently in the Test Mining phase at Nuevo San Pedro and has completed sales of amorphous graphite totaling 760 tons to date.
Big North Graphite recently announced the acquisition of the past producing El Tejon flake graphite mine and mill in Oaxaca, Mexico. Big North is poised to capitalize on the increasing strategic demand for graphite throughout the world, a demand that is being driven by the growth in new, green technologies including the lithium ion batteries that are being used in hybrid and fully electric vehicles.
Big North also owns high priority, large flake graphite exploration projects in Ontario and Quebec, Canada.
For further information please contact Spiro Kletas at (604) 629-8220.
ON BEHALF OF THE BOARD
(signed) " Spiro Kletas "
Spiro Kletas
President and Chief Executive Officer