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Record Resources grants options to buy 6.15 M shares

By The Northwire Desk — AI Analysis Feb 12, 2026 · 04:01 REC · 0.07 Record Resources Inc.
REC · Price

Executive Summary

  • Record Resources Inc. granted a total of 6.15 million stock options to directors, officers, and consultants under its shareholder-approved equity incentive plan.
  • The options are exercisable at $0.10 per share with a five-year term.
  • The company also confirmed receipt of TSX Venture Exchange approval to issue six million common shares for debt settlement with a former consultant.

Key Details

  • Stock Option Grant Total: 6.15 million options issued.
  • Grant Recipients:
    • 1.6 million options to officers.
    • 2.8 million options to directors.
    • 1.75 million options to consultants.
  • Exercise Price: $0.10 per share.
  • Term: Five years from the date of grant.
  • Plan Basis: Granted in accordance with a stock option plan approved by shareholders at the annual general meeting on May 14, 2025.
  • Debt Settlement Approval: TSX Venture Exchange approved the issuance of six million common shares to settle debt with a former consultant.
Read the original news release →

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SEDAR Interim Financial Statements

None