Gamma Resources sets up warrant incentive program

Executive Summary

• Gamma Resources Ltd. has implemented a warrant incentive program to encourage the exercise of up to 9.25 million common share purchase warrants.
• During a specific window in Spring 2026, holders will receive one additional warrant for every warrant exercised.
• The company intends to use the proceeds from these exercises to fund general working capital and advancing exploration activities.

Key Details

• Incentive Period: Commencing April 16, 2026 (9:00 a.m. Vancouver time) and expiring May 14, 2026 (5:00 p.m. Vancouver time).
• Incentive Terms: Holders who exercise warrants during the period will be granted one additional common share purchase warrant for each warrant exercised.
• Incentive Warrant Pricing & Expiry: New incentive warrants will have an exercise price of $0.15 per share and will be exercisable for three years from the date of issuance.
• Eligible Warrants:
  • 8.2 million warrants issued June 26, 2024 (expiring June 27, 2027).
  • 1.05 million warrants issued October 8, 2024 (expiring October 9, 2027).
• Use of Proceeds: General working capital and advancing exploration activities.
• Regulatory & Compliance:
  • The program is subject to regulatory approvals, including the TSX Venture Exchange.
  • Incentive warrants and shares resulting from exercises will be subject to a statutory hold period of four months and one day.
  • Participation by company insiders may constitute a related party transaction under Multilateral Instrument 61-101.