Montreal, Quebec–(Newsfile Corp. – June 28, 2021) – Mobi724 Global Solutions Inc. (TSXV: MOS) (“Mobi724” or the “Company”), a fintech enabler of AI-enhanced payment card-linked solutions, announces that the following items were voted and approved at the annual general meeting of the shareholders (“AGM”) held on June 23, 2021.
The shareholders elected Jacques Côté, David Robinson, Alejandro Rodriguez, Allan Rosenhek and Marcel Vienneau to the board of directors; approved the Company’s performance-based stock option plan (the “Option Plan”); and reappointed Raymond Chabot Grant Thornton, chartered accountants, as auditors of the Company.
Allan Rosenhek has been named Chairman of the Board of Directors and Jacques Côté was named Chairman of the Audit Committee.
Highlights of the Grant of Performance-based Options:
The Company further announces that on June 23, 2021 its Board granted an aggregate total of 2,675,583 stock options under its Stock Option Plan to the five (5) members of the board of directors.
The options granted to the directors shall expire 3 years from the date of the grant, have an exercise price of $0.05 and shall vest immediately upon the market price of the common shares of the Company attaining $0.055 at any time prior to June 23, 2022 failing which said options shall expire immediately.
Shareholders are invited to familiarize themselves with the details of the Options Plan available on SEDAR.
About Mobi724 Global Solutions Inc.
Every Transaction is An Opportunity
Mobi724 Global Solutions Inc. (TSXV: MOS) is a fintech company that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. Mobi724’s objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences & generating incremental commercial opportunities to its clients.
Mobi724 cautions investors that any forward-looking statements or projections made by Mobi724 are subject to risks and uncertainties, that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described under Item ‘Risk Factors and Uncertainties’ in the Company’s Management Discussion and Analysis, available on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute a solicitation to buy or sell any securities in the United States.
For further information, please visit www.MOBI724.com or contact:
Marcel Vienneau, CEO
Mobi724 Global Solutions Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88874
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