Prisma Exploration Announces Grant of Stock Options and Change of Director
Prisma Exploration Announces Grant of Stock Options
and Change of Director
VANCOUVER, BRITISH COLUMBIA, July 2 9, 2025 – PRISMA EXPLORATION INC. (CSE: PMS) (“Prisma” or
the "Company") is pleased to announce that it has granted 700,000 stock options (each, an “Option”) to
purchase up to 700,000 common shares (“Common Shares”) of the Company to certain directors, officers,
and consultants of the Company under the Company’s stock option plan (the “Plan”).
The Options are exercisable at the price of $0.25 per Common Share until July 28, 2030, subject to any
earlier termination in accordance with the Plan. All Options vested immediately on the date of grant. All
Options and the Common Shares underlying such Options are subject to a hold period of four months and
one day from the date of issuance. The grant of Options to certain directors and officers constitutes a
related party transaction pursuant to Multilateral Instrument 61 -101 – Protection of Minority Security
Holders in Special Transactions (“ MI 61-101”). The Company is exempt from the requirements to obtain
a formal valuation and minority shareholder approval in connection with the grant of Options to related
parties in reliance on the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively,
as the Company is not listed on a specified market and the fair market value of the Options does not
exceed 25% of the Company’s market capitalization.
Appointment of Director and Chairman
The company also announces that Barry Hartley has resigned as a director of the Company. The board of
directors would like to thank Mr. Hartley for his work with the Company and wish him all the success in
his future endeavours.
With the resignation of Mr. Hartley, Mr. Campbell Smyth has been appointed as a director and Chairman
of the Company. Mr. Smyth has over 30 years of experience in the fund management, capital markets and
corporate finance of the venture capital and resource sectors. Mr . Smyth holds a Bachelor of Commerce
from the University of Western Australia and a Postgraduate from Pembroke College, Oxford. Mr . Smyth
is also currently a director and C hairman of Fitzroy Minerals Inc. (FTZ: TSXV), non-executive director of
Carlton Precious Inc (CPI: TSXV), and non-executive chairman of Orange Minerals (OMX:ASX).
On behalf of Prisma Exploration Inc.
“Jesse Hahn”
Jesse Hahn CEO, & Director
For more information, please contact the Company at 604.428.7050.
FORWARD LOOKING STATEMENT
This press release may include forward -looking information within the meaning of Canadian securities
legislation, concerning the business and trading in the common stock of Prisma Exploration Inc., the raising
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of additional capital and the future development of the business. The forward looking information is based
on certain key expectations and assumptions made by the company's management. Although the
Company believes that the expectations and assumptions on which such forward looking information is
based are reasonable, undue reliance should not be placed on the forward-looking information because
the Company can give no assurance that they will prove to be correct. These forward-looking statements
are made as of the date of this press release and Prisma disclaims any intent or obligation to update
publicly any forward-looking information, whether as a result of new information, future events or results
or otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.