Business NewsMarketWire • 49 North Resources Inc. Grants Stock Options

49 North Resources Inc. Grants Stock Options

49 North Resources Inc. Grants Stock Options

SASKATOON, SASKATCHEWAN--(Marketwire - March 25, 2010) - The board of directors of 49 North Resources Inc. ("49 North") (TSX VENTURE:FNR) today approved a grant of 280,000 stock options pursuant to the company's 2008 Stock Option Plan. 195,000 of the options were granted to directors and executive officers with the balance granted to employees. The options are exercisable at $2.35 per share, and if not exercised, expire March 25, 2020, subject to earlier expiration in accordance with the 2008 Stock Option Plan and applicable policies of the TSX Venture Exchange.

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