Jericho Energy Ventures Grants Incentive Stock Options

Rhea-AI Summary

Jericho Energy Ventures (OTC:JROOF) granted incentive stock options to directors, officers, employees and consultants to buy 7.1 million shares at C$0.20 per share.

Options are exercisable for five years, mostly vest on grant, and remain subject to TSX Venture Exchange approval.

AI-generated analysis. Not financial advice.

Positive

• Grant of 7.1 million incentive stock options at C$0.20 exercise price
• 5.6 million options granted to directors and officers, emphasizing management equity incentives
• 6.05 million options vest immediately, potentially aiding retention and motivation of key personnel

Negative

• Potential share dilution from 7.1 million new options outstanding
• Majority of options (5.6 million) concentrated among directors and officers
• Option grants remain subject to TSX Venture Exchange approval before becoming fully effective

News Market Reaction – JROOF

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+42.44% News Effect

On the day this news was published, JROOF gained 42.44%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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TULSA, OK AND VANCOUVER, BC / ACCESS Newswire / June 18, 2026 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") announces that it has granted incentive stock options to certain directors, officers, employees and consultants to purchase an aggregate of 7.1 million common shares of the Company at an exercise price of C$0.20 per share of which 5.6 million options were granted to directors and officers of the Company pursuant to the Company's incentive stock option plan.

All of the options are exercisable for a period of five years from the date of grant and are subject to approval of the TSX Venture Exchange. Of the 7.1 million options granted, 6.05 million vest on grant and 1.05 million are subject to vesting terms. Of the options subject to vesting terms, 600,000 options will vest on December 31, 2026, 100,000 options will vest on March 31, 2027 and 350,000 options will vest on June 30, 2027.

The grants are intended to align the interests of management, directors, employees and consultants with those of shareholders and support the Company's long-term growth objectives.

About Jericho Energy Ventures

Jericho Energy Ventures (JEV) is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers. With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions -- reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets. For more information, please visit jerichoenergyventures.com.

Contact:
Brian Williamson, CEO, or
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
T: +1 604-343-4534
E: investorrelations@jerichoenergyventures.com

Forward-Looking Statements

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but reflect the current expectations of Jericho Energy Ventures Inc. ("Jericho") regarding future events, performance, or results, and are often identified by words such as "expect," "anticipate," "intend," "believe," "estimate," "may," "will," "could," or similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Such factors include regulatory approvals, general economic conditions, industry risks, access to capital, technological development risks, and those described in Jericho's public filings at www.sedarplus.ca.

Forward-looking statements are based on reasonable assumptions as of the date hereof, but Jericho cannot guarantee future results. Readers are cautioned not to place undue reliance on such statements. Except as required by law, Jericho undertakes no obligation to update or revise them.

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.

SOURCE: Jericho Energy Ventures Inc.

View the original press release on ACCESS Newswire

FAQ

What stock options did Jericho Energy Ventures (OTC:JROOF) grant on June 18, 2026?

Jericho Energy Ventures granted options to purchase 7.1 million common shares at C$0.20 per share. According to Jericho, the options were issued to directors, officers, employees and consultants under its incentive stock option plan and are exercisable for five years.

How are the new Jericho Energy Ventures (JROOF) stock options structured and vested?

The options are exercisable for five years, with 6.05 million vesting on grant. According to Jericho, 1.05 million options vest later on set dates through June 30, 2027, aligning compensation with ongoing service and performance milestones.

When do the vesting tranches occur for Jericho Energy Ventures (JROOF) 2026 option grants?

Of the 1.05 million options subject to vesting terms, 600,000 vest on December 31, 2026. According to Jericho, 100,000 vest on March 31, 2027 and 350,000 vest on June 30, 2027, creating a staggered vesting schedule.

How many Jericho Energy Ventures (JROOF) options went to directors and officers in June 2026?

Directors and officers received 5.6 million of the 7.1 million options granted. According to Jericho, these awards were made under its incentive stock option plan to align leadership compensation with shareholder interests and long-term growth objectives.

Are the June 18, 2026 Jericho Energy Ventures (JROOF) stock options already approved?

The granted stock options are subject to TSX Venture Exchange approval before becoming fully effective. According to Jericho, all 7.1 million options carry a five-year term and an exercise price of C$0.20 per common share.

What is the purpose of Jericho Energy Ventures (JROOF) granting 7.1 million stock options?

The option grants are intended to align management, directors, employees and consultants with shareholder interests. According to Jericho, this equity-based compensation is designed to support the company’s long-term growth objectives and incentivize key contributors over a multi-year period.