Le Lézard
Classified in: Science and technology, Business
Subject: OFR

Engagement Labs Provides Grant of Options, RSAs, and Shares for Debt


MONTREAL, June 14, 2019 /CNW/ -- Engagement Labs Inc. (TSXV:EL) the "Company" announces that in accordance with its Stock Option Plan and RSA Plan, the Company granted 5,250,000 stock options to four officers and one non-executive director of the Company, and 500,000 RSAs to an officer of the Company. The stock options have an exercise price of $0.06 per share and a term of five years. Subject to regulatory final approval, the Company has also agreed to issue 5,797,501 common shares to four non-executive directors at an issue price of $0.06 per share in consideration of services provided to the Company for the period from October 1, 2017 to December 31, 2018. The proposed payment in shares to the directors is consistent with the Board of Directors' policy of paying the directors with shares to preserve cash and to align the interests of the Board of Directors with the shareholders.

(PRNewsfoto/Engagement Labs)

About Engagement Labs
Engagement Labs (TSXV: EL) is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies.

To learn more visit www.engagementlabs.com

Disclaimer in regard to Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, Engagement Labs does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For media inquiries please contact:
Vanessa Lontoc / Ed Keller, CEO
Engagement Labs
vanessa.lontoc@engagementlabs.com / ed.keller@engagementlabs.com

SOURCE Engagement Labs


These press releases may also interest you

at 15:00
Keene Family of Companies announces an addition to its portfolio. Barrett Company has been acquired and will join Keene Family of Companies: Keene Building Products, Dependable, LLC, Continental Products, Ltd and Keene Village Plastics. Barrett was...

at 14:53
Enables powerful NVIDIA T4 GPU accelerators in Dell EMC PowerEdge MX  News Highlights: The innovative solution combines up to 16 NVIDIA T4 Tesla GPUs within the Dell EMC PowerEdge MX7000 modular chassis to handle today's graphically demanding...

at 14:00
While most reverse mortgage lenders have felt the squeeze since changes to regulations were implemented almost two years ago, the commitment by VIP Mortgage to offer retirement strategies for the baby boomer population has helped its Reverse Mortgage...

at 13:00
The member companies of the Utica National Insurance Group will now offer cognitive baseline and post-injury concussion testing to its public and private school policyholders through the world's leading concussion management software company, ImPACT...

at 11:00
Ricky Nguyen is a lifelong entrepreneur and the host of the lifestyle and business podcast Millennial Movement. He's gone from selling lemonade and sneakers to hosting one of the top 150 podcasts and tells us where he's going in the future. Ricky...

at 07:00
Authors Gopal Nayak and Mahendra Kumar Trivedi were recognized with International No. 1 best-selling author status for the scientific research book "Impact of Biofield Treatment on Growth and Anatomical Characteristics of Pogostemon cablin (Benth.)...



News published on 14 june 2019 at 17:24 and distributed by: