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NGC Northern Graphite Corp

0.11
0.00 (0.00%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Northern Graphite Corp TSXV:NGC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.11 0.105 0.11 0.11 0.105 0.11 112,661 20:52:00

Northern Graphite Announces Grant of Options

20/12/2012 8:00pm

Marketwired Canada


Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF) ("Northern" or the
"Company") announces that it has granted options to purchase an aggregate of
500,000 common shares to the five non-executive directors of the Company
pursuant to the stock option plan approved by the Company's shareholders on June
12, 2012 (the "Plan"). The options are exercisable at any time at a price of
$0.85 per share until December 20, 2017. The Company currently has 49,081,281
common shares issued and outstanding. After giving effect to the above grants,
4,000,000 options will be outstanding under the Plan.


About Northern Graphite Corporation

Northern Graphite Corporation (TSX VENTURE:NGC) is a Canadian company that has a
100% interest in the Bissett Creek graphite deposit located in eastern Ontario.
Northern Graphite is well positioned to benefit from the compelling
supply/demand dynamic that has developed in the graphite industry with a high
purity, large flake, scalable deposit that is located close to infrastructure. A
bankable Feasibility Study has been completed and permitting is expected to be
completed in the first quarter of 2013, following which mine construction could
commence, subject to financing. Additional information on Northern Graphite
Corporation can be found under the Company's profile on SEDAR at www.sedar.com
and on the Company's website at www.northerngraphite.com


This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities in any jurisdiction.


This press release contains forward-looking statements, which can be identified
by the use of statements that include words such as "could", "potential",
"believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other
similar words or phrases. These statements are only current predictions and are
subject to known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity, performance or
achievements to be materially different from those anticipated by the
forward-looking statements. The Company does not intend, and does not assume any
obligation, to update forward-looking statements, whether as a result of new
information, future events or otherwise, unless otherwise required by applicable
securities laws. Readers should not place undue reliance on forward-looking
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gregory Bowes
CEO
(613) 241-9959


Stephen Thompson
CFO
(613) 241-9959

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