logo
Olive Resource Capital Applies for Normal Course Issuer Bid & Announces Option Grant

Olive Resource Capital Applies for Normal Course Issuer Bid & Announces Option Grant

Yahoo2 days ago
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to report a Normal Course Issuer Bid, as well as a Grant of Options.
New Normal Course Issuer Bid
On July 18, 2025 the Board of Directors of the Company approved a new normal course issuer bid program to purchase common shares (the "2025 Bid"). The Company is undertaking the 2025 Bid because it believes that from time to time the market price of its common shares may not fully reflect the underlying value of the Company's business, and that the repurchase of its common shares at those times would be in the best interests of its shareholders. The Company requires TSX Venture approval prior to commencing the 2025 Bid, and the Company will inform shareholders when such approval has been received, and when the 2025 Bid can commence.
Grant of Options to Management and Board of Directors
On July 18, 2025 the Board of Directors of the Company granted 2,050,000 incentive stock options to Directors and Officers. The options are subject to the Corporation's stock option plan. The options have an exercise price of $0.05 per share and expire on July 18, 2030. The options vest in tranches over a period of 3-years from the date of grant. The Corporation also formally cancelled 1,150,000 stock options that had been previously granted to Directors who have since resigned and are not eligible to retain the options as per the Corporation's stock option plan.
As of the date of this release Olive Resource Capital Inc. has 106,144,709 common shares outstanding.
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com or by phone at (202)677-8513. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259439
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia Plans to Lift Import Curbs on US Beef to Pacify Trump
Australia Plans to Lift Import Curbs on US Beef to Pacify Trump

Bloomberg

time42 minutes ago

  • Bloomberg

Australia Plans to Lift Import Curbs on US Beef to Pacify Trump

The Australian government has announced it intends to remove restrictions on US beef imports in a bid to appease President Donald Trump, who had highlighted Canberra's biosecurity measures as an unfair impediment to trade. Agriculture Minister Julie Collins said the government will lift restrictions from next week on the import of red meat that originated in either Canada or Mexico and later slaughtered in the US. Australia barred US beef imports in 2003 following an outbreak of mad cow disease, and only eased some restrictions in 2019.

First Quantum reports progress at Panama copper mine, posts profit
First Quantum reports progress at Panama copper mine, posts profit

Hamilton Spectator

timean hour ago

  • Hamilton Spectator

First Quantum reports progress at Panama copper mine, posts profit

TORONTO - First Quantum Minerals Ltd. says shipments of copper concentrate have begun leaving a contentious mine in Panama that had been shuttered, boosting its second-quarter results. The Toronto-based miner posted $18 million in net earnings attributable to shareholders during the second-quarter, reversing a year-earlier loss of $46 million. That amounted to diluted net earnings of two cents per share compared to a loss of six cents per share a year earlier. Sales revenues were $1.23 billion during the three months ended June 30, about the same as the same quarter a year earlier. First Quantum suspended production at the Cobre Panama mine in November 2023 following widespread protests and a court ruling that found the agreement with the government covering the mine was unconstitutional. In May, the Panamanian government approved a 'preservation and safe management plan' for the open-pit mine and last month, the company began exporting copper concentrate that had been on site since the mine's closure. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX: FM)

First Quantum reports progress at Panama copper mine, posts profit
First Quantum reports progress at Panama copper mine, posts profit

Yahoo

timean hour ago

  • Yahoo

First Quantum reports progress at Panama copper mine, posts profit

TORONTO — First Quantum Minerals Ltd. says shipments of copper concentrate have begun leaving a contentious mine in Panama that had been shuttered, boosting its second-quarter results. The Toronto-based miner posted $18 million in net earnings attributable to shareholders during the second-quarter, reversing a year-earlier loss of $46 million. That amounted to diluted net earnings of two cents per share compared to a loss of six cents per share a year earlier. Sales revenues were $1.23 billion during the three months ended June 30, about the same as the same quarter a year earlier. First Quantum suspended production at the Cobre Panama mine in November 2023 following widespread protests and a court ruling that found the agreement with the government covering the mine was unconstitutional. In May, the Panamanian government approved a "preservation and safe management plan" for the open-pit mine and last month, the company began exporting copper concentrate that had been on site since the mine's closure. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX: FM) The Canadian Press Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store