Posted by AGORACOM
at 8:50 AM on Monday, April 12th, 2021
Will take 8 to 12 months
Completion early 2022
New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J.F) (“NAM” or “Company”) is pleased to announce agreements with leading engineering firms to complete a Pre-Feasibility Study of its 100% owned River Valley Palladium Project near Sudbury, Ontario (Canada). The Pre-Feasibility Study will be undertaken over the next 8 to 12 months, with completion slated for early 2022.
The Pre-Feasibility Study will be completed by four engineering firms: P&E Mining Consultants Inc. for Initial Mineral Reserve estimation, mine planning, economic analysis and Project Lead; SGS Canada Inc. and D.E.N.M. Engineering Ltd. for mineral processing and metallurgical test work; Knight-Piésold Consulting for design of the tailings facility and open pit geotechnical engineering; and Story Environmental for environmental and community impact interactions and permitting. P&E Mining Consultants Inc. will be updating the Mineral Resource Estimate and leading the preparation of the Pre-Feasibility Study NI 43-101 Technical Report.
Harry Barr, Chairman and CEO, said, “We are extremely pleased to have assembled such an impressive team for our Pre-Feasibility Study. These firms will work together with NAM to optimize the value of the River Valley Palladium Project, by maximizing the economic aspects while minimizing the environmental impacts and benefitting the local communities. The River Valley Project will be very well-timed for the green metal revolution.”
Work for the Pre-Feasibility Study is planned to commence this month. Four new holes will be drilled by NAM to recover fresh material for new mineral processing and metallurgical testwork. The SGS Canada Inc. and D.E.N.M team will work on the material to optimize recovery of palladium, platinum, gold, copper, nickel, rhodium and cobalt. This work will build on previous studies by SGS Lakefield in 2012 and include, for the first time, systematic rhodium recovery determinations. Knight-Piésold Consulting will complete the first geotechnical and geomechanical studies of the Project, based on new drilling and excavations by NAM in the areas of the open pit mines, processing plant, waste dumps and tailings facilities, as outlined in the Preliminary Economic Assessment (“PEA”) of June 2019 (Figure 1). Story Environmental will continue baseline environmental studies and build effective relationships with local government agencies and communities, including First Nations, for future permit applications and approvals.
Posted by AGORACOM-JC
at 8:27 AM on Monday, April 12th, 2021
Announced that it will be presenting at the virtual Planet MicroCap Showcase on Wednesday, April 21, 2021 at 10:00 AM Eastern Time.
Mr. P. Peter Pascali, CEO and Chair of PyroGenesis, will be hosting the presentation and answering questions from investors
MONTREAL, QC / April 12, 2021 / PyroGenesis Canada Inc. (TSX:PYR)(NASDAQ:PYR)(FRA:8PY), (the “Company” or “PyroGenesis”), a high-tech Company that designs, develops, manufactures and commercializes plasma atomized metal powder, environmentally friendly plasma waste-to-energy systems and clean plasma torch products, today announced that it will be presenting at the virtual Planet MicroCap Showcase on Wednesday, April 21, 2021 at 10:00 AM Eastern Time. Mr. P. Peter Pascali, CEO and Chair of PyroGenesis, will be hosting the presentation and answering questions from investors.
To access the live presentation, please use the following information:
Virtual Planet MicroCap Showcase 2021
Date: Wednesday, April 21, 2021
Time: 10:00 AM Eastern Time / 7:00 AM Pacific Time
If you would like to book 1on1 investor meetings with PyroGenesis, and to watch PyroGenesis’ presentation, please register for the virtual event here: https://planetmicrocapshowcase.com/signup
1on1 meetings will be scheduled and conducted via private, secure video conference through the conference event platform.
For investors that are unable to attend the live presentation, the webcast replay will be available directly on the conference event platform via this link under the tab “Agenda”: https://planetmicrocapshowcase.com/agenda.
Posted by AGORACOM-JC
at 8:37 AM on Friday, April 9th, 2021
Announce that in connection with its previously announced brokered private placement (the “Offering“), the Company and PI Financial Corp., the lead agent and sole bookrunner (the “Lead Agent“) for the Offering, have agreed to increase the size of the Offering to raise total gross proceeds of $4 million.
The Company now intends to issue 3,200,000 units of the Company (the “Units“) at a price of C$1.25 per Unit.
The 3,200,000 Units have been allocated to subscribers and the Offering is scheduled to close on or about April 29, 2021, or such date as agreed upon between the Company and the Lead Agent.
Given the upsize to the Offering, the parties have agreed to remove the previously announced over-allotment option.
Ottawa, Ontario–(April 9, 2021) – KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (“KWESST” or “the Company”) is pleased to announce that in connection with its previously announced brokered private placement (the “Offering“), the Company and PI Financial Corp., the lead agent and sole bookrunner (the “Lead Agent“) for the Offering, have agreed to increase the size of the Offering to raise total gross proceeds of $4 million. The Company now intends to issue 3,200,000 units of the Company (the “Units“) at a price of C$1.25 per Unit. The 3,200,000 Units have been allocated to subscribers and the Offering is scheduled to close on or about April 29, 2021, or such date as agreed upon between the Company and the Lead Agent. Given the upsize to the Offering, the parties have agreed to remove the previously announced over-allotment option.
“The KWESST Offering was very well received by investors and resulted in significant demand for our financing, which led to the increase in size announced today. The proceeds will be used to accelerate our go-to market initiatives of KWESST’s various products,” said Jeffrey MacLeod, KWESST’s President and CEO. “One of our priorities is to finalize the acquisition of the Low Energy Cartridge (“LEC”) non-lethal system, which is expected to close concurrently with the Offering, after which we will begin the commercialization of this product. The Company has an accelerated plan to roll out the LEC product in response to market interest and high growth across all segments of the non-lethal market where a strong preference is being expressed for a safer, cartridge-based system over traditional systems such as Taser, beanbag shotgun shells and rubber bullets that can and do result in fatalities.”
Other corporate priorities to be funded with the proceeds from the Offering include the productization of the GreyGhost micro-drone missile, ramping up the Company’s ATAK Centre of Excellence business, and accelerating the productization of the Phantom electronic decoy.
Each Unit will be comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (“Warrant“). Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share“) at a price of C$1.75 per Warrant Share for a period of 24 months from the closing of the Offering. If at any time after four (4) months and one (1) day following the Closing Date, the trading price of the Shares on the TSX Venture Exchange is equal to or exceeds $3 for a period of 10 consecutive trading days, as evidenced by the price at the close of market, the Company shall be entitled to notify the holders of Warrants of its intention to force the exercise of the Warrants. Upon receipt of such notice, the holders of Warrants shall have 30 days to exercise the Warrants, failing which the Warrants will automatically expire.
The securities to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Exchange. It is not a requirement for the closing of the Offering that the Company issues the entire 3,200,000 Units referenced above. The Units to be issued under the Offering will have a hold period of four months and one day from Closing.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
Posted by AGORACOM-JC
at 8:18 AM on Friday, April 9th, 2021
ImagineAR Now Selected by a Total of 15 Major Sports Organizations During 2021 Hype Sports Innovation Accelerator
Announced two Motor Sports Organizations selected ImagineAR during the Hype Sports Innovation Second Draft Day on April 8, 2021 .
HYPE Sports Innovation has built the largest global ecosystem in sports innovation.
With over 40,000 members, including retail brands, athletic clubs, federations and academia together with over 11,000 startups, HYPE has an unrivalled capacity for outreach to global partners across all sectors in this highly diverse field.
VANCOUVER, BC and ERIE, Pa. , April 9, 2021 – Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) (“ImagineAR” or “Company”) an Augmented Reality Company that enables sports teams, businesses and enterprises to instantly create their own AR mobile campaigns, is pleased to announce two Motor Sports Organizations selected ImagineAR during the Hype Sports Innovation Second Draft Day on April 8, 2021 .
New Motor Sports Draft Selections:
Automotive Industries 40,000 audited magazine recipients plus AI`s online readership viewing 1.86m pages per month are the who`s who of automotive decision-making, including major carmakers, system suppliers, 1st tier and major 2nd tier award winning supplier companies.
AirSpeeder is a proposed motorsport series for electric flying vehicles. The teams may be provided racing electric quadcopters, known as ‘Speeders’ that can fly at speeds of up to 200km/h by Alauda.
Previous Selection List:
NFL: Minnesota Vikings
MLB: Philadelphia Phillies
NHL: St. Louis Blues , Vegas Golden Knights
World Governing Body of Cricket: International Cricket Council (ICC)
World Governing Body of Football: Deutscher Fußball-Bund (DFB)
Bundesliga: 1. FC Koln
Leading provider of Local Sports & News ( USA ): Sinclair Broadcast Group
Leading provider Mass Media & Sports Properties ( Canada ): Rogers Sports & Media
Serie A (Top flight of Italian Football): Bologna FC
Uruguayan Primera Division: C.N.deF.
MLS & USL: Inter Miami
Categoria Primera A: Atletico Nacional
HYPE Sports Innovation has built the largest global ecosystem in sports innovation. With over 40,000 members, including retail brands, athletic clubs, federations and academia together with over 11,000 startups, HYPE has an unrivalled capacity for outreach to global partners across all sectors in this highly diverse field.
Posted by AGORACOM-JC
at 9:15 AM on Thursday, April 8th, 2021
Entered into a share purchase agreement with certain vendors pursuant to which the Company has agreed to acquire 100% of the common shares of Les Petits Terribles Inc.
Acquisition complements its high-quality children’s clothing line, and marks a powerful brand expansion as a leader in total children’s wellness.
Vancouver, British Columbia–(April 8, 2021) – Peekaboo Beans Inc. (CSE: BEAN) (OTC Pink: PBBSF) (“PK Beans” or the “Company”) has entered into a share purchase agreement with certain vendors (the “Vendors“) pursuant to which the Company has agreed to acquire 100% of the common shares of Les Petits Terribles Inc. (the “LPTI Shares“) from the Vendors (the “Transaction“) and launches Private Placement of Convertible Debenture Units.
For PK Beans, the acquisition complements its high-quality children’s clothing line, and marks a powerful brand expansion as a leader in total children’s wellness.
“Healthy, on-the-go snacks and meals are what millennial parents are choosing” states Traci Costa, PK Beans Founder and CEO. “The industry is skyrocketing. Add to that, our sustainable, high-quality clothing and we become the go-to brand in children’s wellness. We believe what kids put into their bodies is as important as what they put on their bodies“.
Led by Chef Benjamin Gagné, LPTI specializes in healthy snacks and easy quick meals for children.
“Our high-protein, wholefood recipes have no added sugar, salt or artificial ingredients. They satisfy parents who want healthy options without compromising taste and convenience”, adds Gagné.
In consideration for the LPTI Shares, the Company has agreed to issue to, or as directed by the Vendors 4,000,000 common shares in the capital of the Company (the “Common Shares“) at an issue price of $0.075 per Common Share.
Completion of the Transaction remains subject to completion of normal closing conditions for a transaction of this nature, including delivery of all closing documents representing the transfer of the LPTI Shares to the Company and related documents. LPTI is the holder of intellectual property rights related to children’s food products, which the Company hopes to utilize as part of an expansion into a new industry segment with children’s lifestyle products, to complement its children’s clothing business.
In connection with the Transaction the Company further announces that it is launching a non-brokered private placement of convertible debenture units (each, a “CD Unit” and collectively, the “CD Units“) to the Vendors for aggregate gross proceeds of up to $110,000 (the “Offering“). The net proceeds of the Offering will be used for general working capital.
Each CD Unit will be offered at a price of $1,000 and will be comprised of one unsecured convertible debenture with a principal amount of $1,000 (each, a “Debenture” and collectively, the “Debentures“) and 5,000 common share purchase warrants of the Company (each, a “Warrant” and collectively, the “Warrants“). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.15 per share for a period of two years from the closing date of the Offering (the “Closing Date“).
The Debentures will mature and be repayable on the date that is two years from the Closing Date (the “Maturity Date“) and bear interest at a rate of 12% per annum until maturity, which will be calculated and payable semi-annually on the last day of June and December in each year. The principal amount of the Debentures and any accrued and unpaid interest will be convertible into Common Shares at a conversion price of $0.10 (the “Conversion Price“). The terms of the Debentures further provide that the Company may from time to time, at the Company’s option, prepay all or part of the principal amount plus accrued and unpaid interest without penalty or bonus.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
Posted by AGORACOM-JC
at 8:25 AM on Thursday, April 8th, 2021
Release approved footage and pictures of the KWESST TASCS Integrated Fires Module (“IFM”) in action in live-fire exercises at a U.S. military base.
These exercises are being held pursuant to a contract with a key U.S. military customer
Video and photos depict the TASCS IFM system fitted on the 81 mm mortar and firing at a range of 2,600 metres.
Ottawa, Ontario–(April 8, 2021) – KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (“KWESST” or “the Company”) is pleased to release approved footage and pictures of the KWESST TASCS Integrated Fires Module (“IFM”) in action in live-fire exercises at a U.S. military base. These exercises are being held pursuant to a contract with a key U.S. military customer (for further information please see the December 2020 news release at https://kwesst.com/news/kwesst-announces-c1-1-million-follow-on-order-for-tascs-ifm-from-key-u-s-military-customer-2/ ) which is currently being delivered.
The video and photos depict the TASCS IFM system fitted on the 81 mm mortar and firing at a range of 2,600 metres. With TASCS IFM, the mortar team is able to acquire targets in 15 seconds compared to the traditional 15 minutes, and engage targets with unprecedented accuracy. The 81mm mortar is just one of many firing platforms that can be fitted with the TASCS IFM systems and requires no modification of the firing platform or ammunition. It effectively turns a traditional “dumb” firing platform into a “smart” weapons system by providing soldiers on the ground with real-time networked situational awareness and precision targeting information.
About KWESST
KWESST develops and commercializes high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries. The company’s current portfolio of unique proprietary offerings include: its signature TASCSTM (Tactical Awareness and Situational Control System) for real-time awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons; the autonomous GreyGhostTM soldier-portable micro drone missile system that defends against small hostile drones including swarms using high-speed kinetic impact; a Ground Laser Defence system to counter the emerging threat of weaponized lasers against personnel; and, the PhantomTM electronic battlefield decoy system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations to deceive and confuse adversaries. All systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and ATAK (Android Tactical Assault Kit) among others. KWESST also has developmental “smart ordnance” projects including its “Shot Counter” system, which records the number and type of rounds fired, for optimized firearms maintenance and performance. The Company is headquartered in Ottawa, Canada, with representative offices in Washington, DC, London, UK and Abu Dhabi, UAE. KWESST trades on the TSX Venture Exchange under the symbol KWE and on the U.S. OTCQB under the symbol KWEMF.
Posted by AGORACOM-JC
at 8:00 AM on Wednesday, April 7th, 2021
Announced the Company has completed its integration to Vend’s Billing API, providing Vend retailers with seamless onboarding to Loop’s multi-domain, franchise compliance, and historical reporting solutions
VANCOUVER, British Columbia, April 07, 2021 — Loop Insights Inc. (MTRX:TSXV RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights and enhanced customer engagement to the brick and mortar space, is pleased to announce the Company has completed its integration to Vend’s Billing API, providing Vend retailers with seamless onboarding to Loop’s multi-domain, franchise compliance, and historical reporting solutions.
Loop Insights First to Integrate with Vend’s Billing API, Providing a Seamless Onboarding Option for Vend’s Global Client List of over 20,000 Customer Locations Worldwide
Vend Director of Product Partnerships Lowry Gladwell stated: “The completion of Loop’s integration with the Vend Billing API is an example of how Vend works closely with partners to deliver value for our retailers. It has been great to see Loop’s enthusiasm for the project and we’re thrilled that our Vend retailers can now onboard clients to benefit from Loop’s products and services faster than ever before, giving them easier access to the multi-domain, franchise and historical reporting that Loop offers. Additionally, our announced acquisition by Lightspeed, which is expected to close towards the end of April, will allow Vend and Loop to reach new clients, with a particular focus on expansion in Asia-Pacific. I look forward to connecting Vend’s expanding customer base with Loop’s amazing solution stack.”
Loop Insights CEO Rob Anson stated: “Vend’s support of Loop’s integration to their Billing API speaks volumes about its confidence in Loop and our retail solutions. With the development of our Billing API integration now complete, both Loop and Vend are positioned to generate new sales opportunities through this successful partnership. Loop’s retail Insights service can now be onboarded to over 20,000 Vend customer locations, with the ability to scale to support Lightspeed’s 135,000 worldwide locations through Lightspeed’s recent acquisition of Vend. This API integration represents a massive revenue-generating opportunity for Loop, Vend, Lightspeed, and their many customers.”
Loop Insights is the first company to complete a full billing API integration with Vend, reflecting Vend’s confidence in Loop’s products and their ability to deliver value to Vend’s clients. Vend has introduced Loop to all of their customers worldwide through their digital customer newsletter and some Vend customers have already begun the onboarding process with Loop. Vend is now expected to launch expanded sales and marketing campaigns in support of Loop and its API integration, explaining the benefits of Loop’s products and services to Vend’s growing customer list.
With Loop’s Insights, Engage, and Wallet pass platform all gaining interest from brands and retailers across the world, Vend will now be able to offer a simple onboarding process for retailers, drastically reducing the time required to integrate a new client and deploy Loop’s products and services.
On March 11th , Vend Director of Product Partnerships Lowry Gladwell joined the ‘Loop Experience’ podcast to discuss the benefits of Loop’s integration with the Vend API, particularly for franchisors looking to integrate multiple locations. Listen to the full episode here or read the full interview transcript here .
API Integration Will Accelerate Loop’s Growth in the $23-trillion Global Retail Market with Access to Over 155,000 Global Retail Clients
Loop Insights’ integration with the Vend Billing API will allow Loop to more rapidly onboard Vend’s growing client list in the $23-trillion global retail market .
On March 11th , Lightspeed POS Inc. (NYSE:LSPD) (TSX:LSPD), a leading provider of cloud-based, omnichannel commerce platforms, announced it had entered into a definitive agreement to acquire Vend. The acquisition will greatly expand Lightspeed’s existing foothold in Asia-Pacific, approximately doubling its existing customer base in that region.
The combination of Lightspeed’s scale with the talent and technology available to Vend, including Loop Insights’ products and services, is expected to greatly benefit Lightspeed and its massive customer base. Following the closing of the acquisition, Lightspeed will operate as the preferred technology provider for over 155,000 existing customer locations worldwide.
This press release is available on the Loop Insights Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/LoopInsights
About Vend Vend is a cloud-based point-of-sale and retail management software that lets retailers run their business in-store, online, and on-the-go. Vend includes inventory management, eCommerce integrations, customer loyalty, and reporting analytics tools. The first POS built for iOS, Vend is trusted by retailers in over 140 countries and is used in more than 20,000 customer locations worldwide. Vend integrates with leading tools like Bigcommerce, Quickbooks and Marsello and provides seamless integrated payment options by partnering with major banks and processors around the world. Founded in 2010, Vend has offices in Auckland, London, Toronto and Melbourne, and has raised more than $50 million from top-tier investors. For more information, please visit: https://www.vendhq.com/
About Loop Insights Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative automated marketing and contactless payment solutions built on artificial intelligence (“AI”) to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
Posted by AGORACOM-JC
at 7:57 AM on Wednesday, April 7th, 2021
Patient count for March increased by 388%
Announced that patient counts increased by 460% in Q1 2021 (26,317) versus Q1 2020 (5,717).
Patient counts for the month of March increased by 388% versus the same period in 2020 with total patient counts of 8,379 in March 2021 compared to 2,160 in March 2020.
VANCOUVER BC / April 7, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(FRA:8EC)(OTCQB:EPWCF) (“Empower” or the “Company“) an integrated healthcare company – serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens, is pleased to announce that patient counts increased by 460% in Q1 2021 (26,317) versus Q1 2020 (5,717). Patient counts for the month of March increased by 388% versus the same period in 2020 with total patient counts of 8,379 in March 2021 compared to 2,160 in March 2020.
“The delivery of world-class patient care is the number one priority for our team in all the markets we serve.” said Steven McAuley, Chairman & CEO of Empower. “I am so proud of our members’ daily effort and dedication to patients even in such uncertain times. For our team to achieve such significant year-over-year growth numbers is a testament to our ability to execute on our business plan to acquire patients and drive long-term shareholder value. I’m especially proud of the strong growth in the last month of Q1 which sets us up for continued growth in Q2 2021”
The Company has also issued a total of 800,000 stock options priced at $0.57 CAD to investor relation service providers and to a Director of the Company.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
Posted by AGORACOM-JC
at 5:45 PM on Tuesday, April 6th, 2021
Cormark Securities’ 2021 Virtual Inflection Conference Power Technology Session – Date: Tuesday, April 13
OTC Virtual Technology Conference – Date: Thursday, April 15
TORONTO, April 06, 2021 — POET Technologies, Inc. (OTCQX: POETF; TSX Venture: PTK) the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and telecommunication markets, today announced that management is scheduled to present and host meetings with participating investors at the following virtual financial conferences.
Cormark Securities’ 2021 Virtual Inflection Conference Power Technology Session Date: Tuesday, April 13 Presentation: 11:30 AM Eastern Time Presenters: Suresh Venkatesan, Chairman & CEO; Vivek Rajgarhia, President & General Manager and Thomas Mika, Executive Vice President & CFO
The Cormark Securities Conference is an investor-focused conference discussing how to invest in an age of sustainability and new technologies. POET will be participating in the Power Technology Session which will include meetings with institutional investors. Interested investors should contact their Cormark representative to register.
OTC Virtual Technology Conference Date: Thursday, April 15 Presentation: 10:30 AM Eastern Time Presenter: Thomas Mika, Executive Vice President & CFO
POET invites individual and institutional investors, as well as advisors and analysts, to attend the real‐time, interactive presentations on VirtualInvestorConferences.com. It is recommended that investors pre‐register and run the online system check to expedite participation and receive event updates by registering on the OTC event calendar website: https://www.virtualinvestorconferences.com/event-calendar
Additionally, POET’s presentation materials will be made available on the Presentations and Events page of the Company’s website.
Option Grants
At a regular meeting of the Board of Directors held on March 24, 2021, as part of the Company’s incentive stock option grant program, the Board approved the granting of a total of 4,831,250 options to be granted on April 6, 2021 to directors, employees and consultants of the Company to purchase common shares. The approved grant represents 1.4% of the total issued and outstanding common shares of the Company. The approved total included 731,250 stock options to non-management directors (0.21%), 2,050,000 to officers (0.6%), 2,000,000 to other employees (0.59%), and 50,000 to consultants (0.01%).
The options are exercisable for 10 years at a price of C$1.19 being the closing price of the Company’s shares on April 5, 2021. The directors’ options vest quarterly in arrears over the one year of service as a director. All other options granted to employees vest 25% on the first anniversary of the grant and the balance vests quarterly over a further three-year period thereafter. The grant to the directors represents the option portion of directors’ fees for the 12-month period beginning April 1, 2021. The options granted to a consultant will vest based on certain performance milestones of the consultant over a 12-month period.
