Peloton Minerals arranges financing, grants options

Executive Summary

• Peloton Minerals Corp. announced a pending private placement of units priced at $0.09 per unit, targeting up to $200,000 in gross proceeds for lithium exploration in northern Nevada and working capital.
• The company granted 883,332 stock options to consultants (including 150,000 replacements for expired options) and 11,240,531 Share Appreciation Rights (SARs) to directors and officers.
• The private placement is being conducted under prospectus exemptions, including the existing shareholder exemption with a record date of November 21, 2025, and securities are subject to a four-month-and-one-day hold period.

Key Details

• Private Placement Structure:
  • Price: $0.09 per unit.
  • Gross Proceeds: Up to $200,000.
  • Unit Composition: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Exercisable for three years at an exercise price of $0.12 per share.
  • Use of Proceeds: Lithium exploration in northern Nevada and working capital.
  • Hold Period: Securities are subject to a hold period expiring four months and one day from issuance.
  • Exemptions: Conducted under OSC Rule 45-501 (2.9) (existing shareholder exemption), accredited investor exemptions, and close personal friends/business associates exemptions (excluding Newfoundland and Labrador).
  • Record Date: November 21, 2025, for determining existing shareholders entitled to purchase under the existing shareholder exemption.
• Stock Options Granted:
  • Total Quantity: 883,332 options granted to consultants.
  • Replacement Options: 150,000 options replace recently expired stock options.
  • Exercise Price: $0.11 per share.
  • Term: Three years.
• Share Appreciation Rights (SARs) Granted:
  • Total Quantity: 11,240,531 SAR units granted to directors and officers.
  • Approval: Adopted and approved by shareholders in 2024.
  • Exercise Price: $0.11 per share.
  • Term: Five years.
  • Settlement: Holder determines whether to receive cash or shares based on the difference between market price at exercise and the base price.
  • Vesting: One year from the date of grant, with acceleration provisions for death, cessation of eligibility, change of control, or takeover bid.
• Company Status:
  • Shares Outstanding: 150,228,177 common shares prior to the closing of the placement.
  • Listing: Canadian Securities Exchange (PMC) and OTCQB (PMCCF).
  • Jurisdiction: Reporting issuer in British Columbia and Ontario.