Oracle Commodity Holding Announces Stock Option Grant
Oracle Commodity Holding Corp. has announced that its board of directors approved the grant of incentive stock options to a consultant. This will allow the acquisition of 500,000 common shares in the company at an exercise price of $0.05. The options are part of the company's 10% rolling stock option plan and can be exercised over a five-year term expiring in November 2029. The options will vest at 12.5% per quarter for the first two years starting from February 2025.
Michael Chen
Senior Mining Analyst
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
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Michael Chen
Michael has over 15 years of experience covering junior mining companies, with a focus on precious metals exploration and development.
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