Northern Graphite Corp. (TSXV:NGC) recently announced that it has already granted options to buy an aggregate of 500,000 common shares at $0.85 per share to 5 of its non-executive directors in accordance to the stock option plan which was approved last June 12, 2012.
As quoted in the press release:
“The options are exercisable at any time at a price of $0.85 per share until December 20, 2017. The Company currently has 49,081,281 common shares issued and outstanding. After giving effect to the above grants, 4,000,000 options will be outstanding under the Plan.”