Oracle Commodity Holding Appoints Chief Legal Officer
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) has appointed Alex Bayer as its Chief Legal Officer, effective October 2, 2024. Bayer, a corporate securities lawyer with over 15 years of experience in the mining sector, will lead all legal matters for the company. The board has granted Bayer 200,000 stock options at an exercise price of $0.085, vesting quarterly over two years and expiring on October 2, 2029.
Bayer has agreed to accrue $625 of his monthly consulting fee, which will convert into common shares at a discounted market price, subject to TSX Venture Exchange approval. Additionally, Oracle has appointed Sara Knappe as Corporate Secretary, replacing Marion McGrath.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ha nominato Alex Bayer come Chief Legal Officer, con effetto dal 2 ottobre 2024. Bayer, un avvocato esperto in diritto societario con oltre 15 anni di esperienza nel settore minerario, guiderà tutte le questioni legali per l'azienda. Il consiglio ha concesso a Bayer 200.000 opzioni su azioni a un prezzo di esercizio di $0,085, con maturazione trimestrale su due anni e scadenza il 2 ottobre 2029.
Bayer ha accettato di accumulare $625 della sua commissione mensile di consulenza, che si convertirà in azioni ordinarie a un prezzo di mercato scontato, soggetto all'approvazione della Borsa di Toronto. Inoltre, Oracle ha nominato Sara Knappe come Corporate Secretary, sostituendo Marion McGrath.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ha designado a Alex Bayer como su Chief Legal Officer, con efecto a partir del 2 de octubre de 2024. Bayer, un abogado especializado en valores corporativos con más de 15 años de experiencia en el sector minero, liderará todos los asuntos legales de la empresa. La junta le ha otorgado a Bayer 200,000 opciones sobre acciones a un precio de ejercicio de $0.085, que se consolidarán trimestralmente durante dos años y vencerán el 2 de octubre de 2029.
Bayer ha acordado acumular $625 de su tarifa mensual de consultoría, que se convertirá en acciones comunes a un precio de mercado descontado, sujeto a la aprobación de la Bolsa de Valores de Toronto. Además, Oracle ha designado a Sara Knappe como Corporate Secretary, reemplazando a Marion McGrath.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF)는 알렉스 베이어를 Chief Legal Officer로 임명했습니다, 2024년 10월 2일부터 효력이 발생합니다. 베이어는 15년 이상의 광업 분야 경험을 가진 기업 증권 변호사로, 회사의 모든 법적 문제를 이끌게 됩니다. 이사회는 베이어에게 200,000주 옵션을 부여했으며, 행사 가격은 $0.085로, 2년에 걸쳐 분기별로 유예되며 2029년 10월 2일에 만료됩니다.
베이어는 매월 $625의 자문료를 누적하기로 합의했습니다, 이는 할인된 시장 가격으로 보통주로 변환되며, TSX 벤처 거래소의 승인에 따릅니다. 추가로, Oracle은 사라 크납페를 Corporate Secretary로 임명했습니다, 마리온 맥그라스를 대체합니다.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) a nommé Alex Bayer en tant que Chief Legal Officer, à compter du 2 octobre 2024. Bayer, avocat en valeurs mobilières avec plus de 15 ans d'expérience dans le secteur minier, dirigera toutes les questions juridiques de l'entreprise. Le conseil d'administration a accordé à Bayer 200 000 options d'achat d'actions à un prix d'exercice de 0,085 $, qui seront acquises trimestriellement sur deux ans et expireront le 2 octobre 2029.
Bayer a accepté d'accumuler 625 $ de ses honoraires de consultation mensuels, qui seront convertis en actions ordinaires à un prix de marché réduit, sous réserve de l'approbation de la Bourse de croissance TSX. De plus, Oracle a nommé Sara Knappe secrétaire générale, remplaçant Marion McGrath.
Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) hat Alex Bayer zum Chief Legal Officer ernannt, mit Wirkung zum 2. Oktober 2024. Bayer, ein Unternehmensrechtsanwalt mit über 15 Jahren Erfahrung im Bergbau, wird alle rechtlichen Angelegenheiten des Unternehmens leiten. Der Verwaltungsrat hat Bayer 200.000 Aktienoptionen zu einem Ausübungspreis von $0,085 gewährt, die vierteljährlich über zwei Jahre vesten und am 2. Oktober 2029 verfallen.
Bayer hat sich bereit erklärt, $625 seiner monatlichen Beratergebühr anzusammeln, die zu einem ermäßigten Marktpreis in Stammaktien umgewandelt wird, vorbehaltlich der Genehmigung der TSX Venture Exchange. Darüber hinaus hat Oracle Sara Knappe als Corporate Secretary ernannt, die Marion McGrath ersetzt.
- Appointment of experienced Chief Legal Officer with mining sector expertise
- Granting of stock options to align new executive's interests with shareholders
- Partial fee accrual arrangement for Chief Legal Officer, potentially conserving cash
- Potential dilution from stock options and fee conversion to shares
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") is pleased to announce the appointment of Alex Bayer as its Chief Legal Officer, to lead all legal matters for the Company, effective as of October 2, 2024.
Alex is a seasoned corporate securities lawyer with over 15 years of experience, specializing in the mining sector. He has extensive expertise in advising mining companies on a wide range of matters, including public and private financings, mergers and acquisitions, regulatory compliance, and corporate governance. Known for a deep understanding of securities laws and the unique challenges of the mining industry, Alex has successfully guided companies through complex transactions and strategic initiatives, including drafting and navigating through complex royalty agreements, while ensuring legal and regulatory requirements are met.
The Company further announces that its board of directors has approved the grant of incentive stock options (the "Options") to Mr. Bayer to acquire a total of 200,000 common shares in the capital of the Company at an exercise price of
Mr. Bayer has agreed to accrue
Mr. Bayer's engagement as Chief Legal Officer is through his consulting company, Bayer Law Corporation.
The Company also appoints Sara Knappe as Corporate Secretary to replace Ms. Marion McGrath. The Company would like to thank Ms. McGrath for her valuable contributions during her tenure with the Company.
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/225775
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