Northern Shield Shareholders Elect New Director and Grant of Stock Options
Northern Shield Shareholders Elect New
Director and Grant of Stock Options
OTTAWA
,
June 26, 2019
/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) is pleased to announce the election of Mr.
Don Bubar
to the Board of
Directors of Northern Shield. Mr. Bubar is a professional geoscientist with 40 years' experience in
mineral exploration and development mainly in
Canada
. Mr. Bubar grew up in
Truro, Nova Scotia
before graduating from
McGill University
(B.Sc.1977, Geological Sciences) and Queen's University
(M.Sc. Applied Min.Ex.,1981). Since 1995, Mr. Bubar has been President and CEO of Avalon
Advanced Materials Inc. (formerly Avalon Rare Metals Inc.), a mineral development company with a
primary focus on technology metals. This includes the active
East Kemptville
tin-indium project in
southwestern
Nova Scotia
and previously gold-copper exploration in northern
Nova Scotia
. Mr. Bubar
served as a Director of the PDAC and Chair of its Aboriginal Affairs Committee both for 9 years. He
serves on the Boards of Imperial Mining Group, Wolfden Resources Corporation, Mining Matters (a
not-for-profit organization founded by PDAC) and serves on the Advisory Board to the Faculty of
Science of
McGill University
.
Mr Bubar replaces Dr
Frank Santaguida
, whom for reasons of time constraints, did not stand for re-
election.
"We are very pleased to have Mr. Bubar on board," says Northern Shield President and CEO
Ian
Bliss
, "he is highly regarded in the industry and brings to Northern Shield a wealth of exploration and
development experience in
Nova Scotia
along with a well-developed network in the Province and
elsewhere. On behalf of the Board I would also like to pass on our thanks to Frank for his service to
Northern Shield."
Northern Shield also announces that it has granted options to acquire a total of 4,000,000 common
shares pursuant to its shareholder approved stock option plan (the "Stock Option Plan"). Options to
acquire a total of 3,200,000 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 share for
$0.10
per share until
June 26, 2024
. This grant of options is the first the
Company has made in three years. Following such grant, Northern Shield now has outstanding under
its Stock Option Plan, options to acquire just under 7 .1% of Northern Shield's outstanding common
shares.
Northern Shield Resources Inc. is a Canadian-based company focused on generating high-quality
exploration programs with experience in many geological terranes. It is known as a leader in
executing grass roots exploration program for Ni-Cu-PGEs and utilizing expertise and innovation
toward working on other deposit types. Seabourne Resources Inc. is a wholly-owned subsidiary of
Northern Shield and focussing on epithermal gold and related deposits in
Atlantic Canada
and
elsewhere.
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.
View original content:
http://www.newswire.ca/en/releases/archive/June2019/26/c9081.html
%SEDAR: 00007505E
For further information:
Northern Shield Resources Inc., Ian Bliss, President and CEO, Tel.: (613)
232-0459, Fax: (613) 232-0760, [email protected]
CO: Northern Shield Resources Inc.
CNW 17:00e 26-JUN-19