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North American Tungsten Announces Severance Settlement With Former CEO

North American Tungsten Corp. Ltd. (NTC.V) has agreed a severance settlement with its former CEO and President, Stephen Leahy.

Leahy will receive a severance payment equal to 3 years' of base salary, which he has agreed to receive in 3 installments payable over 12 months. He will also receive 1 million common company shares in lieu of other benefits and severance entitlements, subject to TSX Venture Exchange approval.

The company last traded at $0.18, in the 52-week range of $0.095 - $0.26.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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