Olive Resource Capital Applies for Normal Course Issuer Bid & Announces Option Grant

Rhea-AI Summary

Olive Resource Capital (TSXV: OC) has announced two key corporate initiatives. The company has applied for a new normal course issuer bid program (the "2025 Bid") to repurchase common shares, pending TSX Venture approval. The Board believes the stock may occasionally trade below its intrinsic value, making repurchases beneficial for shareholders.

Additionally, the company has granted 2,050,000 incentive stock options to Directors and Officers at an exercise price of $0.05 per share, expiring July 18, 2030. These options will vest over a 3-year period. Simultaneously, 1,150,000 previously granted stock options were cancelled for resigned Directors. The company currently has 106,144,709 common shares outstanding.

Positive

• Board approval of share buyback program indicates confidence in company's value
• Net increase of 900,000 stock options (2.05M granted - 1.15M cancelled) aligns management interests with shareholders
• 5-year term on new options provides long-term management incentive

Negative

• Stock option exercise price of $0.05 suggests current low share price environment
• Share buyback program still requires TSX Venture approval before implementation

Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to report a Normal Course Issuer Bid, as well as a Grant of Options.

New Normal Course Issuer Bid

On July 18, 2025 the Board of Directors of the Company approved a new normal course issuer bid program to purchase common shares (the "2025 Bid"). The Company is undertaking the 2025 Bid because it believes that from time to time the market price of its common shares may not fully reflect the underlying value of the Company's business, and that the repurchase of its common shares at those times would be in the best interests of its shareholders. The Company requires TSX Venture approval prior to commencing the 2025 Bid, and the Company will inform shareholders when such approval has been received, and when the 2025 Bid can commence.

Grant of Options to Management and Board of Directors

On July 18, 2025 the Board of Directors of the Company granted 2,050,000 incentive stock options to Directors and Officers. The options are subject to the Corporation's stock option plan. The options have an exercise price of $0.05 per share and expire on July 18, 2030. The options vest in tranches over a period of 3-years from the date of grant. The Corporation also formally cancelled 1,150,000 stock options that had been previously granted to Directors who have since resigned and are not eligible to retain the options as per the Corporation's stock option plan.

As of the date of this release Olive Resource Capital Inc. has 106,144,709 common shares outstanding.

About Olive Resource Capital Inc.:

Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.

For further information, please contact:

Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com or by phone at (202)677-8513. Olive's website is located at www.olive-resource.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.

This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259439

FAQ

What is the size of Olive Resource Capital's new stock option grant announced on July 18, 2025?

Olive Resource Capital granted 2,050,000 incentive stock options to Directors and Officers, with an exercise price of $0.05 per share, expiring July 18, 2030.

How many shares does Olive Resource Capital (TSXV: OC) have outstanding?

As of July 21, 2025, Olive Resource Capital has 106,144,709 common shares outstanding.

What is the vesting schedule for Olive Resource Capital's new stock options?

The newly granted stock options will vest in tranches over a 3-year period from the July 18, 2025 grant date.

Why is Olive Resource Capital implementing a normal course issuer bid in 2025?

The company believes that its market price sometimes may not fully reflect the underlying business value, making share repurchases beneficial for shareholders at those times.

How many previous stock options were cancelled by Olive Resource Capital?

The company cancelled 1,150,000 stock options that were previously granted to Directors who have since resigned and are no longer eligible to retain the options.