Symbol: NOT:TSX-V Shares Outstanding: 154,578,457 Fully Diluted: 164,898,457
TORONTO, June 30 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) announces that pursuant to the Company's Stock Option Plan and subject to any regulatory approvals, it has granted 3,865,000 Stock Options set at Cdn.$0.62 for a period of five years (2014) to new and existing employees and consultants of the Company. These Stock Options have a three year vesting period. None of these Stock Options were granted to the existing Members of the Board of Directors.
Effective June 29, 2009 Joanne C. Jobin joins the Company as Vice President, Corporate Communications, in this capacity she will also serve as Corporate Secretary, be responsible for all Investor Relations initiatives and all office administration for Noront. Ms. Jobin began her career in the investor relations industry with Barrick Gold in 1986, where she helped to develop its early investor relations and corporate communications programs. Ms. Jobin has worked in the natural resources sector and managed the investor relations and communications programs for a number of large publicly traded companies including J.P. Morgan & Co., Canadian Tire Corporation, HEPCOE Credit Union and she was also Director of Investor Relations for IAMGOLD Corporation. She is the co-founder of The F.I.R.M. a company focused on investor relations marketing for public companies with interests in the natural resource sectors. Wes Hanson, President and Chief Executive Officer states, "As a consultant to Noront, Ms. Jobin has been an integral part of the Company's communications and management process over the past year, Joanne brings with her a wealth of experience to Noront and we look forward to her valuable input as a member of the team as we continue to advance our McFaulds Lake projects. Joanne's experience and professionalism will ensure all shareholders are well informed and fully aware of key issues."
About Noront Resources
Noront Resources is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive drill plan for 2009.
ON BEHALF OF THE BOARD OF DIRECTORS: "Wesley (Wes) C. Hanson" President & Chief Executive Officer Noront Resources Ltd. FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
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