Oracle Commodity Holding Announces Stock Option Grant

Rhea-AI Summary

Oracle Commodity Holding Corp (TSXV: ORCL) (OTCQB: ORLCF) has announced the approval of 500,000 incentive stock options to a consultant. The options are priced at $0.05 per share and will expire on November 19, 2029. The vesting schedule is set at 12.5% quarterly over two years, beginning February 19, 2025. These options are granted under the company's 10% rolling stock option plan and must comply with TSX-V requirements.

Positive

• None.

Negative

• Potential shareholder dilution through 500,000 new stock options

News Market Reaction

+8.03%

1 alert

+8.03% News Effect

On the day this news was published, ORLCF gained 8.03%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") announces that its board of directors has approved the grant of incentive stock options (the "Options") to a consultant to acquire a total of 500,000 common shares in the capital of the Company at an exercise price of $0.05. All Options were granted pursuant to the Company's 10% rolling stock option plan (the "Plan") and are subject to the terms of the Plan, the applicable grant agreements and the requirements of the TSX-V. The Options are exercisable for a five-year term expiring November 19, 2029. The Options will vest at 12.5% per quarter for the first two years following the grant date starting on February 19, 2025.

About Oracle Commodity Holding Corp.

Oracle Commodity Holding Corp. is a mining royalty company spun out from Silver Elephant Mining Corp. (TSX: ELEF) in 2022.

Further information on Oracle Commodity can be found at www.oracleholding.com.

ORACLE COMMODITY HOLDING CORP.

ON BEHALF OF THE BOARD

"Anthony Garson"
CEO

For more information about Oracle, please contact:
Email: info@oracleholding.com

Neither the 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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230798

FAQ

What is the exercise price of Oracle Commodity Holding's (ORLCF) new stock options?

The exercise price of the new stock options is $0.05 per share.

How many stock options did Oracle Commodity Holding (ORLCF) grant in November 2024?

Oracle Commodity Holding granted 500,000 stock options to a consultant.

What is the vesting schedule for Oracle Commodity Holding's (ORLCF) November 2024 stock options?

The options will vest at 12.5% per quarter over two years, starting February 19, 2025.

When do Oracle Commodity Holding's (ORLCF) November 2024 stock options expire?

The stock options expire on November 19, 2029, giving them a five-year term.