Northern Sphere Mining Corp. Announces Issuance of Warrants and the Granting of Stock Options
02.05.2016 | Accesswire
TORONTO, April 4, 2016 - Northern Sphere Mining Corp. (CSE: NSM) ("Northern Sphere" or the "Company") announced today that it has entered into an advisory agreement with Foster & Associates Financial Services Inc. ("Foster") pursuant to which Foster will provide advisory services to Northern Sphere for cash consideration and the issuance of 100,000 common share purchase warrants ("Warrants"). Each Warrant entitles the holder thereof to purchase one common share of the Company ("Common Share") at an exercise price of $0.25 per share for a period of two years from the date of issuance. The Warrants, and the Common Shares issuable upon due exercise thereof, will be subject to a four-month hold period from the date of the issuance of the Warrants.Northern Sphere also announced that it has granted to its directors, officers and consultants 625,000 incentive stock options ("Options") under the Company's stock option plan. Each Option entitles the holder thereof to purchase one Common Share at an exercise price of $0.22 per share for a period of three years from the date of the grant. The Common Shares issuable upon the due exercise of the Options will be subject to a four-month hold period from the date of the grant.
About Northern Sphere Mining Corp.
Northern Sphere Mining is dedicated to growth through the acquisition and development of mining assets, with an emphasis on near term production opportunities. Headquartered in Toronto, Ontario, Northern Sphere Mining has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.
Cautionary Statements
This press release contains forward-looking statements which reflect Northern Sphere's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Northern Sphere Mining Corp.
A. John Carter, Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843