Northquest Ltd.
TSX VENTURE : NQ

Northquest Ltd.

February 04, 2011 11:47 ET

Northquest Ltd. Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Feb. 4, 2011) - Northquest Ltd. ("Northquest") (TSX VENTURE:NQ) wishes to announce that it has today granted an aggregate of 200,000 stock options to an officer of Northquest, each such stock option entitling the holder thereof to acquire one common share of Northquest at an exercise price of $0.70 for a period of five years. An aggregate of 50,000 of such stock options vest immediately, 75,000 of the remaining stock options vest on February 4, 2012, and 75,000 of the remaining stock options vest on February 4, 2013. 

Northquest is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals. 

NEITHER THE 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

  • Northquest Ltd.
    Dr. Jon North
    President and Chief Executive Officer
    (416) 786-6348
    www.northquest.biz