Core Points - Altura Energy Corp. has appointed Ashley Lastinger as Chief Executive Officer, bringing over 15 years of experience in Petroleum Engineering [1] - Robert Johnston transitions from CEO to Executive Chairman of the Board, expressing confidence in Lastinger's capabilities [2] - The company has granted performance warrants and incentive stock options to key executives, including 1,000,000 warrants to both Johnston and Lastinger [2][3] Company Leadership - Ashley Lastinger has a strong background in reservoir, production, and facilities engineering, as well as regulatory compliance and project management [1] - Robert Johnston will continue to play a significant role as Executive Chairman, having previously worked with Lastinger at Apache Corporation and Atalaya Resources [2] Performance Warrants and Stock Options - The company issued 1,000,000 performance warrants to both Johnston and Lastinger, with milestones set at market prices of $0.35, $0.75, $1.00, and $1.50 [2] - The performance warrants allow acquisition of common shares at a price of $0.30 per share until July 7, 2030, subject to TSX Venture Exchange approval [2] - Additionally, 1,000,000 incentive stock options were granted to both executives, with a vesting schedule over 12 months [3] Consulting Agreement - Altura Energy has agreed to pay Haywood Securities Inc. a consulting fee of US$15,000 per month, payable in common shares for a term of 12 months [4] - The consulting fee shares will be issued at the closing price of the common shares on the TSX Venture Exchange prior to issuance [4]
Altura Energy Announces Appointment of Ashley Lastinger as Chief Executive Officer