Altima Provides Company Update
Altima Energy (TSXV: ARH) (OTC: ARSLF) has announced the appointment of Ronald Hughes to its Board of Directors, replacing Jurgen Wolf who is retiring after 19 years of service. Hughes brings over 30 years of experience in business development and investment markets, including roles as a Licensed Investment Advisor at Global Securities and President of TransAmerican Energy Inc.
The company has also awarded 1,500,000 Restricted Share Units (RSUs) to eligible directors, officers, and consultants under its Omnibus Equity Compensation Plan. The RSUs will vest in five quarterly installments starting April 30, 2025, with varying percentages: 10% after the first quarter and 18% for each subsequent quarter through the fifth quarter.
Altima Energy (TSXV: ARH) (OTC: ARSLF) ha annunciato la nomina di Ronald Hughes nel suo Consiglio di Amministrazione, in sostituzione di Jurgen Wolf che si ritira dopo 19 anni di servizio. Hughes porta con sé oltre 30 anni di esperienza nello sviluppo commerciale e nei mercati degli investimenti, avendo ricoperto ruoli come Consulente per Investimenti Accreditato presso Global Securities e Presidente di TransAmerican Energy Inc.
L'azienda ha anche assegnato 1.500.000 Unità di Azioni Riservate (RSU) a direttori, funzionari e consulenti idonei nell'ambito del suo Piano di Remunerazione Azionaria Omnibus. Le RSU matureranno in cinque rate trimestrali a partire dal 30 aprile 2025, con percentuali variabili: 10% dopo il primo trimestre e 18% per ciascun trimestre successivo fino al quinto trimestre.
Altima Energy (TSXV: ARH) (OTC: ARSLF) ha anunciado el nombramiento de Ronald Hughes en su Junta Directiva, reemplazando a Jurgen Wolf, quien se retira tras 19 años de servicio. Hughes aporta más de 30 años de experiencia en desarrollo empresarial y mercados de inversión, incluyendo roles como Asesor de Inversiones Licenciado en Global Securities y Presidente de TransAmerican Energy Inc.
La compañía también ha otorgado 1,500,000 Unidades de Acciones Restringidas (RSUs) a directores, funcionarios y consultores elegibles bajo su Plan de Compensación de Capital Omnibus. Las RSUs se otorgarán en cinco cuotas trimestrales comenzando el 30 de abril de 2025, con porcentajes variables: 10% después del primer trimestre y 18% para cada trimestre subsiguiente hasta el quinto trimestre.
알티마 에너지 (TSXV: ARH) (OTC: ARSLF)는 론 하그스를 이사회에 임명했다고 발표했으며, 이는 19년의 근무를 마치고 은퇴하는 유르겐 울프의 후임입니다. 하그스는 글로벌 증권의 라이센스 투자 자문가 및 트랜스아메리칸 에너지 주식회사의 사장을 포함하여 비즈니스 개발 및 투자 시장 분야에서 30년 이상의 경력을 보유하고 있습니다.
회사는 또한 자격이 있는 이사, 임원 및 컨설턴트에게 1,500,000 제한 주식 단위 (RSU)를 부여했습니다. RSU는 2025년 4월 30일부터 시작하여 5개의 분기별 할부로 배분되며 비율은 다음과 같습니다: 첫 분기 후 10% 및 이후 각 분기마다 18%를 다섯 번째 분기까지 지급합니다.
Altima Energy (TSXV: ARH) (OTC: ARSLF) a annoncé la nomination de Ronald Hughes au sein de son Conseil d'Administration, remplaçant Jurgen Wolf qui prend sa retraite après 19 ans de service. Hughes a plus de 30 ans d'expérience dans le développement commercial et les marchés d'investissement, ayant occupé des postes de Conseiller en Investissement Agréé chez Global Securities et Président de TransAmerican Energy Inc.
L'entreprise a également attribué 1 500 000 unités d'actions restreintes (RSU) à des directeurs, responsables et consultants éligibles dans le cadre de son Plan de Rémunération en Actions Omnibus. Les RSUs seront acquises par tranches trimestrielles sur cinq trimestres à partir du 30 avril 2025, avec des pourcentages variables : 10 % après le premier trimestre et 18 % pour chaque trimestre suivant jusqu'au cinquième trimestre.
Altima Energy (TSXV: ARH) (OTC: ARSLF) hat die Ernennung von Ronald Hughes in seinen Vorstand bekannt gegeben, der Jurgen Wolf ersetzt, der nach 19 Jahren Dienstzeit in den Ruhestand geht. Hughes bringt über 30 Jahre Erfahrung in der Geschäftsentwicklung und den Investmentmärkten mit, einschließlich Positionen als lizenzierten Investmentberater bei Global Securities und Präsident von TransAmerican Energy Inc.
Das Unternehmen hat ebenfalls 1.500.000 eingeschränkte Aktieneinheiten (RSUs) an berechtigte Direktoren, Führungskräfte und Berater im Rahmen seines Omnibus-Aktienvergütungsplans vergeben. Die RSUs werden in fünf vierteljährlichen Raten ab dem 30. April 2025 fällig, mit unterschiedlichen Prozentsätzen: 10 % nach dem ersten Quartal und 18 % für jede folgende Quartal bis zum fünften Quartal.
- Appointment of experienced board member Ronald Hughes with 30+ years in business development and investment markets
- Implementation of structured RSU compensation plan to align management interests with shareholders
- Dilution of shareholder value through issuance of 1,500,000 new RSUs
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Altima Energy Inc. (TSXV: ARH) (OTC Pink: ARSLF) (BE: AKC) (the "Company" or "Altima") the Company would like to announce the appointment of Mr. Ronald Hughes to the Board of Directors, taking the place of Jurgen Wolf, who has notified the Company of his desire to retire from active involvement. The Company wishes to graciously thank Mr. Wolf for his 19 years of service as director of the Company.
Mr. Hughes has more than 30 years of experience in business development and investment markets. In 1997, Mr. Hughes joined Global Securities as a Licensed Investment Advisor providing investment analysis, equity trading and capital structure strategy to corporate finance. In 2001, he began his executive roles, first as President of TransAmerican Energy Inc., and currently serves on the boards of publicly traded companies in the United States and Canada.
Altima welcomes Mr. Hughes on the Board of Directors. For clarification, the Company's Officers and Directors are currently comprised of the following:
Joe DeVries, Interim President and Chief Executive Officer, and Director
Richard Barnett, Secretary, Chief Financial Officer and Director
Stephen Watts, Director
Ronald Hughes, Director
Equity Compensation
The Company would also like to announce that the board of directors has awarded Restricted Share Units (the "RSUs") pursuant to its Omnibus Equity Compensation Plan that was ratified and approved by shareholders on August 26, 2024, of equity awards to certain eligible directors, officers and consultants for a total of 1,500,000 RSUs.
The effective grant date of the RSUs will be January 31, 2025. The RSUs shall become vested RSUs in approximately five equal quarterly installments beginning on April 30, 2025, in accordance with the following schedule:
10% at the end of the first quarter of the RSU Grant Date;18% at the end of the second quarter of the RSU Grant Date;18% at the end of the third quarter of the RSU Grant Date;18% at the end of the fourth quarter of the RSU Grant Date; and18% at the end of the fifth quarter of the RSU Grant Date.
About Altima Energy Inc.
Altima Energy is a Vancouver-headquartered oil and gas exploration and production company with a strategic focus on unlocking the potential of hydrocarbon assets across North America. Committed to efficient resource development, Altima combines cutting-edge technology and industry expertise to drive operational excellence and deliver sustainable growth. With a focus on long-term value creation, Altima is dedicated to enhancing returns for its shareholders while maintaining a disciplined approach to asset management.
ON BEHALF OF THE BOARD
SIGNED: "Joe DeVries"
Joe DeVries, interim CEO and President
Contact: (604) 336-8610
Forward Statements:
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to: availability of capital and financing required to continue the Company's exploration and development plans; general economic, market or business conditions; the actual results of current and planned exploration activities; fluctuating commodity prices; risks associated with property option agreements, leases, joint ventures and the ability to conclude joint venture agreements on favorable terms; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; regulatory changes and restrictions including in relation to environmental liability; timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the 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/238152
FAQ
How many Restricted Share Units (RSUs) did Altima Energy (ARSLF) issue in January 2025?
What is the vesting schedule for Altima Energy's (ARSLF) RSUs granted in January 2025?
Who replaced Jurgen Wolf on Altima Energy's (ARSLF) Board of Directors?
What is Ronald Hughes' background before joining Altima Energy's (ARSLF) board?
