Velocity Announces Exercise of Warrants and Granting of Stock Options
Velocity Minerals (OTCQB: VLCJF) received $1,316,387 from the exercise of warrants that expired December 19, 2025, with 98% of outstanding warrants exercised at an exercise price of $0.18, leaving no outstanding share purchase warrants.
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Rhea-AI Summary
Velocity Minerals (OTCQB: VLCJF) received $1,316,387 from the exercise of warrants that expired December 19, 2025, with 98% of outstanding warrants exercised at an exercise price of $0.18, leaving no outstanding share purchase warrants.
The company granted 3,665,000 stock options to directors, officers, employees and consultants as part of its annual long-term incentive program. Options are exercisable at $0.18 per share for 5 years, vest over 3 years beginning six months after issue, and now represent 8.9% of issued and outstanding stock.
Positive
- Raised $1,316,387 from warrant exercises
- 98% warrant exercise rate eliminates outstanding warrants
Negative
- Issued options now represent 8.9% of issued and outstanding stock, diluting existing shareholders
- 3,665,000 options outstanding exercisable at $0.18 create potential future dilution over 5 years
Details
News Market Reaction – VLCJF
The recorded move for VLCJF in the trading session of this news was +19.92%.
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Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") announces that it has received proceeds of
The Company also announces that it has granted 3,665,000 common share stock options (each, an "Option") to various directors, officers, employees and consultants of the Company and its affiliates. The options will form part of the Company's annual grant of long-term incentives. The Options entitle the holder to purchase shares at a price of
On Behalf of the Board of Directors
"Keith Henderson"
President & CEO
For further information, please contact:
Keith Henderson
Phone: +1-604-484-1233
E-mail: info@velocityminerals.com
Web: www.velocityminerals.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/281042
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