Business
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) ...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Announces Grant of Stock Options and RSUs to New Officers and EmployeesOttawa, 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 GraphiteNorthern 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 informationPlease 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. LinkedInYouTubeTwitterFacebookCautionary Note Regarding Forward-...