Oracle Commodity appoints Powell as CEO; Garson resigns

Executive Summary

• Oracle Commodity Holding Corp. appointed Jason Powell as Chief Executive Officer, effective Oct. 1 2025, replacing Anthony Garson.
• The board approved incentive stock options for Mr. Powell: 400,000 shares at $0.05 per share, vesting quarterly over two years with a five‑year term.
• A related‑party debt settlement with former CEO/Director Anthony Garson will be completed by issuing 578,000 common shares at a deemed price of $0.05 per share, reducing accrued liabilities by approximately $28,900.

Key Details

• CEO Appointment: Jason Powell, with >15 years mining sector executive experience, named CEO effective Oct. 1 2025.
• Option Grant to New CEO: 400,000 incentive stock options at an exercise price of $0.05 per share; exercisable for five years (expires Oct. 1 2030); vesting schedule – 12.5 % per quarter for the first two years starting Jan. 1 2026.
• Board Resignation: Former CEO Anthony Garson resigned from the board effective Oct. 1 2025.
• Debt Settlement with Former CEO: Company to settle $28,900 of debt owed to Mr. Garson by issuing 578,000 common shares at a deemed price of $0.05 per share, pending TSX‑V approval.
• Related‑Party Transaction: Settlement qualifies as a related‑party transaction under MI 61‑101; company relies on exemption from formal valuation and minority shareholder approval (fair market value < 25 % of market cap).
• Hold Period: Shares issued in the debt settlement subject to a four‑month‑and‑one‑day hold period per Canadian securities laws.
• Regulatory Filings: A material change report will be filed within 21 days prior to closing of the debt settlement.

Notable Quotes

(No direct quotes were provided in the release.)