Business
Notice of Private Placement Grant of Stock Options and Share Appreciation Rights Units
November 21, 2025 – TheNewswire - London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol: PMCCF) provides notice
About this update from Peloton Minerals Corp.
[{"type":"text","content":"November 21, 2025 – TheNewswire - London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol: PMCCF) provides notice of pending private placement, the grant or renewal of expired stock options, and the grant of Share Appreciation Rights. The Company intends to close a private placement of units priced at CDN$0.09 per unit for total proceeds of up to $200,000 over the next few weeks. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The proceeds of the Private Placement will be used for lithium exploration in northern Nevada and working capital. The Private Placement will be conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders (the “Existing Shareholder Exemption”) contained in OSC Rule 45-501 (2.9) and the various corresponding blanket orders and rules of participating jurisdictions (with the exception of Newfoundland and Labrador) as well as other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. The Company has set November 21, 2025, as the record date for the purpose of determining existing shareholders entitled to purchase Shares pursuant to the Existing Shareholder Exemption. The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities. The Company has granted a total of 883,332 stock options to consultants exercisable at $0.11 for three years. Of these options, 150,000 replaces stock options that had recently expired. The Company has granted a total of 11,240,531 Share Appreciation Rights Units (“SAR”) to directors and officers of the Company. SARs were adopted and approved by shareholders in 2024 as a means of compensation. Each SAR is exercisable at $0.11 per share (the Bsse Price) for five years and upon exercise, as determined by the holder, entitle the holder to receive the difference in price between the market price at the date of exercise and the Base Price, either in cash or shares at the determination of the Company. The SARs vest one year from today which may be accelerated ...