Cleghorn Announces Shareholder Meeting Results and Option Grants

Rhea-AI Summary

Cleghorn Minerals (OTC:CLGMF) reported results of its annual general and special meeting held on October 3, 2025 in Val-d'Or and by conference call. Shareholders re-elected four incumbent directors: Joseph Groia, Glenn J. Mullan, Karen Rees and Christian Wirth. The meeting also approved amendments to the company's 10% rolling stock option incentive plan and appointed Raymond Chabot Grant Thornton LLP as auditor.

Following the meeting the board reconstituted key committees and reappointed officers, naming Glenn J. Mullan as president and CEO and Isabelle Gauthier as CFO and corporate secretary. The board granted incentive stock options to directors, officers and consultants for an aggregate of 970,000 common shares at an exercise price of $0.05 per share with a five-year term.

Positive

• Shareholders re-elected four incumbent directors on Oct 3, 2025
• Approved amendments to the 10% rolling stock option incentive plan
• Appointed Raymond Chabot Grant Thornton LLP as auditor
• Granted 970,000 incentive stock options at $0.05, five-year term
• Reappointed executives: Glenn J. Mullan (CEO) and Isabelle Gauthier (CFO)

Negative

• None.

Val-d'Or, Québec--(Newsfile Corp. - October 6, 2025) - Cleghorn Minerals Ltd. (TSXV: CZZ) ("Cleghorn" or the "Company") announces the results of its annual general and special meeting of shareholders (the "Meeting") held in Val-d'Or, Québec, and by telephone conference, on October 3, 2025.

At the Meeting, shareholders re-elected the four incumbent directors, being Joseph Groia, Glenn J. Mullan, Karen Rees and Christian Wirth. Shareholders also appointed Raymond Chabot Grant Thornton LLP as the Company's auditor, and approved amendments to the previously adopted 10% rolling stock option incentive plan.

Following the Meeting, the Board reconstituted its Audit Committee, its Compensation and Corporate Governance Committee and its Health & Safety/Sustainability Committee and also reappointed officers for the ensuing year as follows:

President and Chief Executive Officer:	Glenn J. Mullan
Chief Financial Officer and Corporate Secretary:	Isabelle Gauthier

 

The Company's Board has granted incentive stock options to its directors, officers and consultants entitling the purchase of an aggregate 970,000 common shares at a per share price of $0.05 for a period of five years.

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/269333

FAQ

When did Cleghorn Minerals (CLGMF) hold its shareholder meeting?

The shareholder meeting was held on October 3, 2025 in Val-d'Or and by conference call.

Who was re-elected to Cleghorn Minerals' board at the October 3, 2025 meeting?

Shareholders re-elected Joseph Groia, Glenn J. Mullan, Karen Rees and Christian Wirth.

What changes were approved to Cleghorn Minerals' stock option plan (CLGMF)?

Shareholders approved amendments to the company's 10% rolling stock option incentive plan.

How many stock options did Cleghorn Minerals grant and what are the terms?

The board granted an aggregate of 970,000 options at an exercise price of $0.05 per share with a five-year term.

Who are the named officers of Cleghorn Minerals after the meeting?

The company reappointed Glenn J. Mullan as president and CEO and Isabelle Gauthier as CFO and corporate secretary.

Where can investors view Cleghorn Minerals' October 6, 2025 press release?

The press release is available via the company's news release distribution (link provided in the announcement).