Cleghorn Partners with Adelaide Capital for Investor Relations Services

Rhea-AI Summary

Cleghorn (CLGMF) retained Adelaide Capital for investor relations and capital markets advisory services effective October 10, 2025. The engagement is a 12-month investor relations agreement with a monthly fee of up to C$3,000 plus a grant of 100,000 stock options under the company's option plan.

The Options carry an exercise price of C$0.05, expire five years from issuance, and vest in four equal portions every three months over 12 months. The agreement is subject to TSX Venture Exchange approval. Adelaide is arm's length, principally owned by Deborah Honig, and holds no current interest in Cleghorn securities.

Positive

• Monthly IR fee C$3,000 for a 12-month term
• Grant of 100,000 options supporting alignment with advisor

Negative

• 100,000 options exercisable at C$0.05 could dilute shareholders
• Investor relations agreement subject to TSXV approval

Val-d'Or, Québec--(Newsfile Corp. - October 10, 2025) -  Cleghorn Minerals Ltd. (TSXV: CZZ) ("Cleghorn" or the "Company") announces effective October 10, 2025, it has retained Adelaide Capital ("Adelaide"), a leading investor relations and capital markets advisory firm, to provide investor relations and consulting services to the Company.

Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-engineered investor relations business model. Adelaide will work closely with Cleghorn to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal roadshows, virtual campaigns, social media, conferences and assisting with investor communication. In exchange for Adelaide's services, and pursuant to an investor relations consulting agreement (the "IRA"), the Company has agreed to pay a monthly fee of up to C$3,000 per month for a 12-month term in addition to the grant of 100,000 stock options (the "Options") to Adelaide under the Company's stock option incentive plan (the "Plan"). Subject to the policies of the TSX Venture Exchange (the "Exchange") and the terms and conditions of the Plan, the Options will have an exercise price of C$0.05 and shall expire five years from the date of issuance and shall vest in four equal proportions every three months after the grant date for a period of 12 months. The IRA is subject to approval by the Exchange. Adelaide is principally owned by Deborah Honig and is an arm's length company based in Toronto, Ontario. Adelaide is a full-service investor relations and social media firm that specializes in small-cap growth companies. As of the date hereof, Adelaide does not have any interest, directly or indirectly, in the Company or its securities.

For additional information, please contact:

Glenn J. Mullan
2772 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 514 835-8384
Email: Glenn.Mullan@GroupZedZed.com

Forward Looking Statements:

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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/270017

FAQ

What did Cleghorn (CLGMF) announce on October 10, 2025 regarding investor relations?

Cleghorn retained Adelaide Capital for IR services effective October 10, 2025, with a 12-month fee up to C$3,000/month and 100,000 options granted.

What are the terms of the stock options granted to Adelaide in the CLGMF agreement?

Options number 100,000, exercise price C$0.05, expire in 5 years, vest quarterly over 12 months.

How long is the investor relations contract between Cleghorn (CLGMF) and Adelaide Capital?

The agreement term is 12 months with monthly fees up to C$3,000.

Does Adelaide Capital currently hold any Cleghorn (CLGMF) securities?

As of the announcement date, Adelaide does not have any direct or indirect interest in Cleghorn securities.

Is the CLGMF investor relations agreement final and effective immediately?

The agreement is effective October 10, 2025, but the IRA is subject to approval by the TSX Venture Exchange.