Northcore Resources: Corrections to Option Grants
27.10.2014 | Newsfile
Montreal, October 27, 2014 - Northcore Resources Inc. (TSXV: NCR) announces that it has granted two hundred and seventy thousand (270,000) Incentive Common Share Purchase Options to Directors and company Consultants. The options will give the holder the right to purchase one common share for each Option held at a price of six cents ($0.06) for a period of five (5) years from the grant date. If the Options are exercised during the first four months from their grant date, the underlying shares are the object of the statutory four (4) months and one day hold period and cannot be resold until the hold period has expired. The Options are issued under the Company Incentive Option Program rules as yearly adopted by the Corporation's shareholders. This news release corrects the October 1st, 2014, release announcing the grant of four hundred and forty thousand (440,000) options. That number was a miscalculation.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
For further information, please contact:
Northcore Resources Inc.
Garry Majerle, Chairman of the Board of Directors
Tel : (519) 697 6945
Northcoreres@gmail.com