Orestone Mining Grants Stock Options

Rhea-AI Summary

Orestone Mining Corp. has announced the granting of incentive stock options to its officers, directors, advisors, and consultants. The company has granted options to purchase 4,725,000 common shares at a price of $0.10 per share, valid for five years until June 30, 2030.

The options will vest in four equal installments: 25% on the grant date, and additional 25% increments at three, six, and nine months after the grant date. The grants are subject to regulatory approval and the Company's Stock option plan, which received shareholder approval on August 29, 2024.

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On the day this news was published, ORESF gained 30.50%, reflecting a significant positive market reaction.

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06/30/2025 - 05:00 PM

Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") has, subject to regulatory approval, granted to officers, directors, advisors and consultants of the Company incentive stock options to purchase an aggregate of 4,725,000 common shares. The options entitle the holders to purchase the equivalent number of common shares of the company at a price of $0.10 per common share for a period of five years from the date of grant (June 30, 2030). The options will vest as follows: 25 per cent on the date of grant, followed by an additional 25 per cent on each of the three, six and nine-month anniversaries of the date of grant.

All grants of options are subject to the Company's Stock option plan, which was approved by shareholders at Orestone's annual meeting of shareholders on August 29, 2024.

About Orestone
Orestone Mining Corp. is a Canadian based company with an internationally experienced management team. The Board of Directors and management team have experience in all aspects of the mining business having been involved in numerous corporate and project level successes. Orestone's property portfolio includes exposure to gold, silver and copper on projects located in Canada and Argentina. Our near term objective on the Francisca property, located in Salta, Argentina is to define an oxide gold deposit mineable by open pit and amenable to low cost heap leach gold recovery methods. The Company's 100 percent owned Captain gold-copper project, located in BC hosts a large gold dominate porphyry system that is permitted and drill ready. The Las Burras property in Argentina provides large scale copper exposure. All three projects are road accessible and suitable for exploration year-round. For more information please visit: www.orestone.ca.

ON BEHALF OF ORESTONE MINING CORP.

David Hottman

CEO

For further information contact: David Hottman at 604-629-1929, info@orestone.ca.

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 News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257356

FAQ

How many stock options did Orestone Mining (ORESF) grant in June 2025?

Orestone Mining granted options to purchase 4,725,000 common shares at $0.10 per share.

What is the exercise price and expiration date for Orestone Mining's (ORESF) June 2025 stock options?

The options have an exercise price of $0.10 per share and expire on June 30, 2030.

What is the vesting schedule for Orestone Mining's (ORESF) June 2025 stock options?

The options vest in four equal installments of 25% each: on the grant date, and at three, six, and nine months after the grant date.

When was Orestone Mining's (ORESF) Stock option plan approved by shareholders?

Orestone's Stock option plan was approved by shareholders at the annual meeting on August 29, 2024.