Big North Graphite Grants Stock Options
31 Marzo 2014 - 5:25PM
Access Wire
Vancouver, B.C. / ACCESSWIRE /
March 31, 2014 / BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (OTC:
BNCIF) (the "Company"
or "Big North"),
announces that its Board of Directors
has approved the grant of 1,600,000 stock options to directors,
officers, employees and consultants of the Company pursuant to the
Company's approved stock option plan. The options are exercisable
at a price of $0.10 per share and have a term of five years from
the date of grant.
About Big North
Graphite Corp.
Big North is a graphite
development and exploration company focused on select projects in
Mexico and Canada. The Company acquired three past producing
amorphous graphite mines in Sonora, Mexico and is working towards
accelerating the restart of the Nuevo San Pedro amorphous graphite
mine. Big North is currently in the Test Mining phase at Nuevo San
Pedro and has completed sales of amorphous graphite totaling 760
tons to date.
Big North Graphite recently
announced the acquisition of the past producing El Tejon flake
graphite mine and mill in Oaxaca, Mexico. Big North is poised to
capitalize on the increasing strategic demand for graphite
throughout the world, a demand that is being driven by the growth
in new, green technologies including the lithium ion batteries that
are being used in hybrid and fully electric vehicles.
Big North also owns high priority,
large flake graphite exploration projects in Ontario and Quebec,
Canada.
For further information please contact Spiro Kletas at (604)
629-8220.
ON BEHALF OF THE BOARD
(signed) "Spiro
Kletas"
Spiro
Kletas
President and Chief Executive
Officer
Facebook: https://www.facebook.com/bignorthgraphite
Twitter: https://twitter.com/NRTgraphite
YouTube: http://www.youtube.com/bignorthgraphite
Flicker: http://www.flickr.com/photos/bignorthgraphite
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.
The
Company has not established mineral resources and has not completed
a valid mining study (as defined by NI 43-101) to support its
production decision at the Nuevo San Pedro Mine. Historically, a
production decision under these circumstances results in much
higher economic or technical risk. Furthermore, without a
pre-feasibility or feasibility study and a graphite reserve, there
can be no assurance that operations at Nuevo San Pedro will be
profitable.
Except for
historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties.
Actual results may differ materially. Except as required pursuant
to applicable securities laws, the Company will not update these
forward-looking statements to reflect events or circumstances after
the date hereof. More detailed information about potential factors
that could affect financial results is included in the documents
filed from time to time with the Canadian securities regulatory
authorities by the Company.
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