49 North Resources Inc.

49 North Resources Inc.

March 25, 2010 23:56 ET

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.

49 North Resources Inc. is a resource investment, financial and managerial advisory and merchant banking company that invests in the Canadian resource sector, with an emphasis on junior and intermediate mineral and oil and gas exploration companies with activities in Saskatchewan. Additional information about the company is available at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • 49 North Resources Inc.
    Tom MacNeill
    President and Chief Executive Officer