Northern Spirit Resources Inc. (TSXV: NS.V) issued one million stock options on Dec. 19 to a company director in accordance with the company's shareholder-approved stock option plan, the company said.
The stock options are exercisable at ten cents/share, expire in five years and vest as to one-third immediately and one-third on each of the second and third anniversaries of the date of granting, the company said.
Northern Spirit is a Calgary-based junior oil and natural gas company. It operates in Alberta’s Cadogan, Klein, Sounding Lake and Veteran areas. It also operates in Saskatchewan’s Hoosier area.