International Prospect Ventures Announces Shareholder Meeting Results and Option Grants

Rhea-AI Summary

International Prospect Ventures (OTC: URANF) reported results of its annual meeting held October 3, 2025. Shareholders re-elected five incumbent directors and approved amendments to the 10% rolling stock option incentive plan. McGovern Hurley LLP was appointed auditor for the ensuing year. The board reconstituted the Audit and Compensation & Corporate Governance committees and appointed officers for the year, naming Glenn J. Mullan as Executive Chairman, President & CEO and Rico De Vega as CFO & Corporate Secretary.

The board granted incentive stock options to directors, officers and consultants to purchase an aggregate 2,700,000 common shares at $0.065 per share, exercisable for five years.

Positive

• Re-elected all five incumbent directors maintains board continuity
• Appointed McGovern Hurley LLP as auditor for the ensuing year
• Approved amendments to the 10% rolling stock option incentive plan
• Granted 2,700,000 options to align management and directors with shareholders

Negative

• Grant of 2,700,000 options creates potential share dilution
• Option exercise price of $0.065 may result in downward EPS pressure if exercised

Val-d'Or, Québec--(Newsfile Corp. - October 6, 2025) - International Prospect Ventures Ltd. (TSXV: IZZ) (the "Company") announces the results of its annual general and special meeting of shareholders (the "Meeting") held in Val-d'Or, Québec, and by telephone conference, on October 3, 2025.

At the Meeting, shareholders re-elected the five incumbent directors, being Dr. Scott Jobin-Bevans, Glenn J. Mullan, Don Smith, Dr. Robert I. Valliant and Dr. C. Jens Zinke. Shareholders appointed McGovern Hurley LLP as the Company's auditor for the ensuing year and approved amendments to the previously adopted 10% rolling stock option incentive plan.

Following the Meeting, the Board reconstituted its Audit Committee and its Compensation and Corporate Governance Committee. The Board also appointed officers for the ensuing year as follows:

Executive Chairman, President & Chief Executive Officer:	Glenn J. Mullan
Chief Financial Officer & Corporate Secretary:	Rico De Vega
Vice President, Exploration:	Dr. Scott Jobin-Bevans

 

The Company's Board has granted incentive stock options to its directors, officers and consultants entitling the purchase of an aggregate 2,700,000 common shares at a per share price of $0.065 for a period of five years.

For additional information, please contact:

Glenn J. Mullan
2772 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: glenn.mullan@groupzedzed.com

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/269335

FAQ

What corporate actions did International Prospect Ventures (URANF) announce on October 6, 2025?

The company confirmed re-election of five directors, auditor appointment, amendments to its 10% rolling option plan, officer appointments, and a grant of 2,700,000 incentive stock options at $0.065 exercisable for five years.

How many stock options did URANF grant and what is the exercise price?

The board granted an aggregate of 2,700,000 options with an exercise price of $0.065 per share, exercisable for five years.

Did URANF change its auditor in the October 2025 meeting?

Yes. Shareholders appointed McGovern Hurley LLP as auditor for the ensuing year.

Who were appointed to executive officer roles at URANF for the ensuing year?

Glenn J. Mullan was named Executive Chairman, President & CEO; Rico De Vega was named CFO & Corporate Secretary; Dr. Scott Jobin-Bevans was named VP, Exploration.

What shareholder approval did URANF obtain regarding its equity incentive plan?

Shareholders approved amendments to the company's 10% rolling stock option incentive plan during the meeting.