Northern Platinum Ltd. (the “Company”) (NTH-TSX-V) has announced an update on exploration activities at the Wellgreen Property where the camp crew is now traveling to Whitehorse and plans the camp set up by May 10th and drilling is scheduled to commence by May 15th.
Pursuant to the 2009 Stock Option Plan, Northern Platinum Ltd. has granted a total of 1,000,000 incentive stock options to directors and consultants of the company.
The press release is quoted as saying:
“The Company also plans to continue exploratory drilling in the newly discovered eastern extension of the mineralised peridotite later in the fall and each incentive stock option is exercisable to purchase one common share of the Company at a price of $0.40 per share for a period of four years. On behalf of NORTHERN PLATINUM LTD.”
