Northern Superior Resources Addresses Compensation Backlog to Board of Directors
Sudbury, Ontario (FSCwire) - Northern Superior Resources Inc. (the “Company” or “Northern Superior”) (TSXV: SUP; OTCQB:NSUPF) reports that it has issued a total of 1,279,121 common shares of the Company to its current and to one former independent board members. Issuance of these shares represents a portion of the total compensation owed to board members from Q3 and Q4 of 2017, and Q1 and Q2 of 2018. The shares were issued at a deemed value of $0.05 per common share and carry an aggregate value of $63,956. As previously reported on April 24, 2017, one-half of all independent directors’ fees are payable in common shares of the Company. The newly issued shares are subject to a four month hold period.
About Northern Superior
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP. For further information contact:
Thomas F. Morris PGeo., PhD., FGAC
President and CEO
Tel: (705) 525 ‐0992
Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com
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.
To view the original release, please click here
Source: Northern Superior Resources Inc. (TSX Venture:SUP, OTCQB:NSUPF, FWB:D9M)
To follow Northern Superior Resources Inc. on your favorite social media platform or financial websites, please click on the icons below.
Maximum News Dissemination by FSCwire. https://www.fscwire.com
Copyright © 2018 FSCwire
