Northern Continental Resources Inc.
TSX VENTURE : NCR

Northern Continental Resources Inc.

November 17, 2008 15:26 ET

Northern Continental Announces Results of Annual and Special General Meeting and Granting of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2008) - Northern Continental Resources Inc. ("Northern Continental") (TSX VENTURE:NCR) is pleased to announce the results of the Annual and Special General Meeting of its shareholders held on November 7, 2008, as follows:

(a) each of Management's nominees for director, being Warren Stanyer, Charles O'Sullivan, Frank Borowicz, Ken Maddison and Alan Crawford, was re-elected a director;

(b) Smythe Ratcliffe LLP were re-appointed as Auditors;

(c) shareholders approved the renewal of Northern Continental's Stock Option Plan, with 82.9% of the votes cast having been in favour of said renewal;

(d) disinterested shareholders approved the re-pricing of incentive stock options held by insiders, as disclosed by Northern Continental in its News Release dated October 3, 2008, with 80% of the votes cast by disinterested shareholders having been in favour of said re-pricing;

(e) shareholders approved the Shareholders Rights Plan, as announced by Northern Continental in its News Release dated September 12, 2008, with 83.6% of the votes cast having been in favour of said approval.

Northern Continental also announces the granting of incentive stock options to a senior officer and to a consultant, entitling them to purchase up to an aggregate 400,000 shares at a price of $0.20 per share for a period of 3 years.

For further information on Northern Continental, visit our website at www.northerncontinental.ca.

NORTHERN CONTINENTAL RESOURCES INC.

Warren Stanyer, President & CEO

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Northern Continental Resources Inc.
    Warren Stanyer
    President & CEO
    (604) 685-9255 or Toll Free: 1-800-449-4435
    Website: www.northerncontinental.ca