OTTAWA,
ON, Aug. 10, 2023 /CNW/ - Northern Shield
Resources Inc. ("Northern Shield" or the "Company")
(TSX-V: NRN) announces that it has granted options to acquire a
total of 6,280,000 common shares in the capital of the Company
("Common Shares") pursuant to its shareholder approved stock
option plan (the "Stock Option Plan"). Options to
acquire a total of 5,660,000 Common Shares were issued to Northern
Shield's officers and directors, and the balance were issued to
employees and consultants. Each option entitles the holder to
acquire one Common Share at an exercise price of $0.12 per Common Share until August 8, 2028. Following such grant, Northern
Shield now has outstanding under its Stock Option Plan, options to
acquire Common Shares equal to just under 8.6% of Northern Shield's
currently outstanding Common Shares.
About Northern Shield
Resources
Northern Shield Resources Inc. is a Canadian-based company
known as a leader in generating high-quality exploration targets
that views greenfield exploration as an opportunity. An
opportunity to find a Tier 1 asset, near surface, and at relatively
low cost. It implements a model driven approach in exploration to
reduce any risk associated with early-stage projects for ourselves,
our shareholders, and the environment. It is this approach that led
to the discovery of an alkaline driven
gold-silver-tellurium-porphyry copper system at its Root &
Cellar Project in Newfoundland.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Northern Shield Resources Inc.