Oracle Commodity Holding names Jason Powell as CEO

Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) appointed Jason Powell as chief executive officer, effective October 1, 2025, replacing Anthony Garson.

Powell has over 15 years of experience in publicly traded mining companies, with expertise in capital markets, corporate communications, and mining industry trends, according to the company's statement.

The board of directors approved granting Powell stock options to acquire 400,000 common shares at an exercise price of $0.05. The options are exercisable for five years expiring October 1, 2030, and will vest at 12.5% per quarter for the first two years starting January 1, 2026.

Garson resigned from his CEO position and from the board of directors on October 1, 2025. Oracle entered into a debt settlement agreement with Garson to settle $28,900 for services rendered through the issuance of 578,000 common shares at a deemed price of $0.05 per share, subject to TSX-V approval.

The debt settlement constitutes a related party transaction under Multilateral Instrument 61-101. The company is relying on exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of the settlement does not exceed 25% of the company's market capitalization.

The debt settlement shares will be subject to a four-month and one-day hold period from the date of issuance in accordance with Canadian securities laws.

Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on precious metal and critical mineral mining projects.

You May Also Be Interested In

• Trump: Negotiators Can Continue W/ Iran, Will See What Happens
• DeFi Dev Corp transfers DisclaimerCoin leadership to ZeroStack team
• FirstService Residential promotes Mark Hamiter to VP in western NC