North Atlantic Appoints Manager, Project Development and Issues Incentive Stock Options
January 20 2011 - 3:47PM
Marketwired Canada
North Atlantic Resources Ltd. (TSX VENTURE:NAC) ("North Atlantic" or the
"Company") is pleased to announce the appointment of H. Andrew Daniels, P. Geo.
as North Atlantic's Manager, Project Development.
Mr. Daniels obtained his B. Sc. from Acadia University in 1985. Since 1985 Mr.
Daniels has worked with industry leaders such as Western Mining Corp., Senior
Geologist, Kilborn SNC, Senior Geologist Mining and Metallurgy Division, Minorco
Services BV/Anglo American plc, as Senior Project Geologist and Exploration
Manager. Mr. Daniels' expertise with resource evaluation and mineral exploration
in lateritic terrain are particularly welcomed by North Atlantic.
The Company has granted an incentive stock option in respect of 150,000 common
shares to Mr. Daniels. The option was granted pursuant to the Company's existing
Stock Option Plan, is exercisable at $0.57 per share (being the closing price of
the Company's common shares on January 19, 2011), and has a five year term
expiring January 19, 2016.
North Atlantic has 57,726,124 common shares issued and outstanding (83,668,018
shares on a fully diluted basis).
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