Mr. Brian Williamson reports
JERICHO ENERGY VENTURES GRANTS INCENTIVE STOCK OPTIONS
Jericho Energy Ventures Inc. has granted incentive stock options to certain directors, officers, employees and consultants to purchase an aggregate of 7.1 million common shares of the company at an exercise price of 20 cents per share, of which 5.6 million options were granted to directors and officers of the company pursuant to the company's incentive stock option plan.
All of the options are exercisable for a period of five years from the date of grant and are subject to approval of the TSX Venture Exchange. Of the 7.1 million options granted, 6.05 million vest on grant, and 1.05 million are subject to vesting terms. Of the options subject to vesting terms, 600,000 options will vest on Dec. 31, 2026, 100,000 options will vest on March 31, 2027, and 350,000 options will vest on June 30, 2027.
The grants are intended to align the interests of management, directors, employees and consultants with those of shareholders and support the company's long-term growth objectives.
About Jericho Energy Ventures Inc.
Jericho Energy Ventures is uniquely positioned at the nexus of energy and artificial intelligence infrastructure. Leveraging its long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, it is deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI data centres. With direct access to abundant, low-cost natural gas, it delivers efficient, high performance energy solutions -- reducing waste, maximizing output and unlocking long-term value in the rapidly converging AI and energy markets.
We seek Safe Harbor.
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