Northern Announces Grant of Stock Options and RSUs to New Officers and Employees
Northern Announces Grant of Stock Options
and RSUs to New Officers and Employees
Ottawa, Ontario--(Newsfile Corp. - May 4, 2023) - Northern Graphite Corporation
(
TSXV:
NGC)
(
OTCQB:
NGPHF) (FSE: 0NG) (XSTU: 0NG)
(the "
Company
" or "
Northern
") announces that it has
granted a total of 390,000 stock options to certain new officers and employees pursuant to the
Company's Stock Option Plan.
These stock options are exercisable to purchase common shares of the
Company at an exercise price of $0.55 per share for a period of five years expiring on May 4, 2028. The
stock options granted to officers vest 1/3 on each of January 4, 2024, 2025 and 2026, while the stock
options granted to employees vest 1/4 on each of January 4, 2024 and 2025 and 1/2 on January 4,
2026.
Additionally, the Company has granted a total of 490,000 restricted share units ("RSUs") to
certain new officers and employees pursuant to the Company's Deferred Share Unit and Restricted
Share Unit Compensation Plan.
All of the RSUs granted vest 1/4 on each of January 4, 2024 and 2025
and 1/2 on January 4, 2026.
Once vested, each RSU represents the right to receive one common share
of the Company or the equivalent cash value thereof, at the Company's discretion.
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is focused on becoming a world
leader in producing natural graphite and upgrading it into high value products critical to the green
economy including anode material for lithium ion batteries/EVs, fuel cells and graphene, as well as
advanced industrial technologies.
Northern is the only significant graphite producing company in North America and will become the third
largest outside of China when its Namibian operations come back online.
The Company also has two
large scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a
source of continued production growth in the future.
All projects have "battery quality" graphite and are
located close to infrastructure in politically stable countries.
For additional information
Please visit the Company's website at
http://www.northerngraphite.com/investors/presentation/
, the
Company's profile on
www.sedar.com
, our
Social Channels
listed below or
contact the Company at
(613) 271-2124.
YouTube
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward- looking statements and information are frequently characterized
by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will",
"could", or "should" occur. Forward-looking statements in this release include statements regarding,
among others, the Company's intentions with respect to advancing its developments projects to
production, and developing the capacity to manufacture value added products. All such forward-
looking statements are based on assumptions and analyses made by management based on their
experience and perception of historical trends, current conditions and expected future developments,
as well as other factors they believe are appropriate in the circumstances. However, these statements
are subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected including, but not limited to unexpected changes in
laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to
perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or
inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver
anticipated results or results that would justify and support continued studies, development or
operations. Readers are cautioned not to place undue reliance on forward-looking information or
statements.
Although the forward-looking statements contained in this news release are based on what
management believes are reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with them. These forward-looking statements are made as of the date
of this news release and are expressly qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after the
date of this news release.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/164904