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, guider脿 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 convertir脿 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 m谩s de 15 a帽os de experiencia en el sector minero, liderar谩 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 consolidar谩n trimestralmente durante dos a帽os y vencer谩n el 2 de octubre de 2029.
Bayer ha acordado acumular $625 de su tarifa mensual de consultor铆a, que se convertir谩 en acciones comunes a un precio de mercado descontado, sujeto a la aprobaci贸n de la Bolsa de Valores de Toronto. Adem谩s, Oracle ha designado a Sara Knappe como Corporate Secretary, reemplazando a Marion McGrath.
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Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) a nomm茅 Alex Bayer en tant que Chief Legal Officer, 脿 compter du 2 octobre 2024. Bayer, avocat en valeurs mobili猫res avec plus de 15 ans d'exp茅rience dans le secteur minier, dirigera toutes les questions juridiques de l'entreprise. Le conseil d'administration a accord茅 脿 Bayer 200 000 options d'achat d'actions 脿 un prix d'exercice de 0,085 $, qui seront acquises trimestriellement sur deux ans et expireront le 2 octobre 2029.
Bayer a accept茅 d'accumuler 625 $ de ses honoraires de consultation mensuels, qui seront convertis en actions ordinaires 脿 un prix de march茅 r茅duit, sous r茅serve de l'approbation de la Bourse de croissance TSX. De plus, Oracle a nomm茅 Sara Knappe secr茅taire g茅n茅rale, rempla莽ant 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 眉ber 15 Jahren Erfahrung im Bergbau, wird alle rechtlichen Angelegenheiten des Unternehmens leiten. Der Verwaltungsrat hat Bayer 200.000 Aktienoptionen zu einem Aus眉bungspreis von $0,085 gew盲hrt, die viertelj盲hrlich 眉ber zwei Jahre vesten und am 2. Oktober 2029 verfallen.
Bayer hat sich bereit erkl盲rt, $625 seiner monatlichen Beratergeb眉hr anzusammeln, die zu einem erm盲脽igten Marktpreis in Stammaktien umgewandelt wird, vorbehaltlich der Genehmigung der TSX Venture Exchange. Dar眉ber 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
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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 .
ORACLE COMMODITY HOLDING CORP.
ON BEHALF OF THE BOARD
"Anthony Garson"
CEO
For more information about Oracle, please contact:
Email: [email protected]
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
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