Adelaide Capital Markets

Cleghorn Minerals (OTC:CLGMF) reduced incentive stock options granted to Adelaide Capital Markets from 100,000 to 64,800, exercisable at $0.05 per share and expiring October 10, 2030. This adjustment complies with TSX Venture Exchange regulations. The revised option number reflects a possible recalibration of the advisory relationship, adoption of a conservative approach to potential advisory fees due to the performance of Cleghorn Mineral’s stock, or failure to meet initially agreed upon milestones. The long-term expiration indicates optimism regarding Cleghorn’s development prospects.