Business
ONGold Announces Grant of Stock Options and Restricted Share Units to Certain Employees
Toronto, Ontario--(Newsfile Corp. - November 5, 2025) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB...
About this update from Ongold Resources Ltd
[{"type":"text","content":"ONGold Announces Grant of Stock Options and Restricted Share Units to Certain EmployeesToronto, Ontario--(Newsfile Corp. - November 5, 2025) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) (\"ONGold\" or the \"Company\") is pleased to announce the grant of stock options (each an \"Option\") and restricted share units (each an \"RSU\") pursuant to the Company's omnibus incentive plan (the \"Plan\").The Company has granted an aggregate of 375,000 Options and an aggregate of 149,438 RSUs to certain employees of the Company.Each Option is exercisable to acquire one (1) common share in the capital of the Company (a \"Common Share\") at a price of $0.89 per Common Share, has a term of five (5) years from the date of grant, and shall vest in three (3) equal tranches, with one-third (1/3) vesting immediately and the remaining two-thirds (2/3) vesting in two equal tranches at six-month intervals thereafter.Each RSU granted shall vest one-half (1/2) on the first anniversary of the grant date and the remaining one-half (1/2) shall vest on the second anniversary of the grant date. The Plan, as well as the grants of the Options and RSUs, are subject to the approval of shareholders in accordance with the policies of the TSX Venture Exchange. All of the Options and RSUs (and any Common Shares issuable upon exercise or settlement thereof) will be subject to a four month and one day hold period pursuant to the policies of the TSX Venture Exchange and applicable securities laws.Clarification Regarding Prior FinancingThe Company announces that, in connection with its news release dated December 24, 2024 (the \"Prior News Release\"), with respect to an offering of Common Shares that closed on December 24, 2024 (the \"2024 Offering\") it inadvertently did not disclose the exact amount of finder's fees paid to arm's length parties to the Company. The cash commissions to arm's length finders paid in connection with the 2024 Offering is $195,059.70, and the finders were issued warrants to acquire up to 300,091 Common Shares of the Company at an exercise price equal to the issue price of the Common Shares in the Offering, as described in the Prior News Release, until December 24, 2026. About ONGold Resources Ltd.ONGold Resources Ltd. owns significant exploration assets in Northern Ontario and Northern Manitoba, including the district-scale Monu...