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 21:49
Strong 9.4% Multisector growth YoY drove a 3.0% consolidated revenue expansion ?  Multisector revenue growth across all regions. Shares of Multisector up 2.4 p.p. YTD to 63.7% of total ?  Revenue expansion driven by fast-growing verticals:...

at 20:43
Ceres Global Ag Corp. ("Ceres" or the "Corporation") today announced its financial and operating results for the quarter ended September 30, 2019. All amounts are in U.S. currency unless otherwise noted. CEO Commentary"Q1 2020 marked a strong start...

at 20:18
Hagens Berman urges Cintas Corporation investors who have suffered losses to submit their losses now to learn if they qualify to recover their investment losses.  The firm has opened an investigation into Cintas and investors may have valuable...

at 20:02
TSX VENTURE COMPANIES CONIC METALS CORP. ("NKL")BULLETIN TYPE:  New Listing-SharesBULLETIN DATE: November 13, 2019 TSX Venture Tier 1 Company Effective at the opening, Friday, November 15, 2019 the shares of the Company will commence trading on TSX...

at 19:56
Adecoagro S.A. , a leading agro-industrial company in South America, announced today its results for the third quarter of 2019. Main highlights for the period: 3Q19 Adjusted EBITDA(3) was $93.5 million, marking a 17.4% increase year-over-year....

at 19:52
Hagens Berman urges iRhythm Technologies, Inc. investors who have suffered losses before Nov. 13, 2019 to submit their losses now to learn if they qualify to recover their investment losses.  The firm has opened an investigation into iRhythm and...

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