Cleghorn Announces Reduction in Stock Options Granted to Adelaide Capital Markets Inc.

Rhea-AI Summary

Cleghorn Minerals (OTC:CLGMF) announced a reduction in incentive stock options granted to Adelaide Capital Markets from 100,000 to 64,800 options.

The options are exercisable at $0.05 per share and expire on October 10, 2030. The change was made to comply with TSX Venture Exchange policies and will be documented in a stock option agreement between the company and the consultant.

Contact: Glenn J. Mullan; note that the TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of this release.

Positive

• Options reduced from 100,000 to 64,800
• Action taken to comply with TSXV policies

Negative

• Remaining options exercisable at a low $0.05 price until Oct 10, 2030

Val-d’Or, Québec--(Newsfile Corp. - October 24, 2025) - Cleghorn Minerals Ltd. (TSXV: CZZ) ("Cleghorn" or the "Company") announces that further to its news release of October 10, 2025, and in order to comply with the policies of the TSX Venture Exchange, the number of incentive stock options granted to Adelaide Capital Markets Inc. (the "Consultant") under the Company's stock option incentive plan has been reduced from 100,000 to 64,800 stock options exercisable at $0.05 until October 10, 2030, in accordance with the terms and conditions set forth in the stock option agreement to be entered into between the Company and the Consultant.

For additional information, please contact:

Glenn J. Mullan
2772 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: glenn.mullan@groupzedzed.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271805

FAQ

What did Cleghorn Minerals (CLGMF) change about the Adelaide Capital Markets stock options on October 24, 2025?

Cleghorn reduced the grant from 100,000 options to 64,800 options, exercisable at $0.05 until October 10, 2030.

Why did Cleghorn Minerals (CLGMF) reduce the stock options granted to Adelaide Capital Markets?

The reduction was made to comply with TSX Venture Exchange policies, per the company announcement.

How long are the Adelaide Capital Markets options for Cleghorn Minerals (CLGMF) valid?

The options remain exercisable until October 10, 2030 at an exercise price of $0.05.

Will the reduction in options affect shareholder dilution for Cleghorn Minerals (CLGMF)?

The company reduced the number of options granted to the consultant, which reduces potential future dilution compared with the original 100,000 grant.

Where can investors find more information about the Cleghorn Minerals (CLGMF) option change?

Investors can contact Glenn J. Mullan or view the release link provided by the company for additional details.