EarthLabs Adopts New Equity Compensation Plan
Rhea-AI Summary
EarthLabs (OTCQX:SPOFF) adopted a new 2026 Equity Compensation Plan, approved by shareholders on June 25, 2026. The plan replaces the prior stock option and RSU plans.
It permits stock options equal to 10% of outstanding shares and up to 14,108,242 RSUs, subject to final TSX Venture Exchange acceptance.
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Positive
- Shareholders approved new 2026 equity plan on June 25, 2026
- Capacity for 1,523,976 additional stock options under 2026 Plan
- Authorization for up to 14,108,242 restricted share units
Negative
- Equity plan allows potential dilution of up to 10% in options
- Fixed pool of 14,108,242 RSUs adds further dilution capacity
- Plan remains subject to final TSX Venture Exchange acceptance
Toronto, Ontario--(Newsfile Corp. - July 6, 2026) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) ("EarthLabs" or the "Company") is pleased to announce that it has adopted a new Equity Compensation Plan (the "2026 Plan"), which was approved by the Company's shareholders at its annual and special general meeting held on June 25, 2026 (the "Meeting"). The 2026 Plan replaced the Company's existing stock option plan and restricted share unit plan and provides for the issuance thereunder of up to (i) such number of stock options as is equal to
About EarthLabs Inc.
EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) is a mining investment, technology, and media company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData.
For further information please contact:
Denis Laviolette
Executive Chairman and CEO
EarthLabs Inc.
Tel: 647-345-7720
Email: investors@earthlabs.com
Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements. Often, but not always, these forward-looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.
Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, risks detailed from time to time in the Company's filings with securities regulators and available under the Company's profile on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304047