Range Impact terminates land options, issues 1.3M shares to MRR and Wicks

Range Impact terminated two prior option agreements with counterparties MRR and Wicks and issued 654,434 shares each (1.3M total) to both parties at $0.764/share in exchange for $500k each, with the consideration deemed satisfied by prior option fees paid. The dilution and termination of strategic land/membership options may signal a shift in prior deal terms, though the company framed the transition as mutual and consideration was nominally satisfied by earlier payments.

The company ended two option deals it made last year and instead gave away 1.3 million shares to the other parties to settle the termination. This dilutes existing shareholders and suggests the original deals weren't going forward as planned.