VANCOUVER, BC–(Marketwired – June 03, 2016) –
MediaValet Inc.
(TSX VENTURE: MVP), (the “Company“) announced today that it has issued 1,820,000 stock options to certain employees, management and directors of the Company. The options are being offered in conformance with TSX Venture Exchange regulations as incentive compensation to both new and existing staff. The options have a term of five years and an exercise price of $0.12 per share. In addition, pursuant to the Company’s earlier press release on May 16, 2016 announcing the retention of Virtus Advisory Group (“Virtus”) for corporate communication services, the Company issued incentive stock options to Virtus, which will vest in equal quarterly installments over 12 months, to acquire 225,000 common shares of the Company at a price of $0.16 per share.
Following the issuance, the Company has 7,691,664 incentive stock options outstanding. As approved at the June 17, 2015 annual general meeting, the Company’s Stock Option Plan allows the Board to issue the equivalent of up to 10% of the issued and outstanding share capital of the Company on a rolling basis.
About MediaValet, Inc.
MediaValet stands at the forefront of the cloud-based digital asset management industry. Built exclusively on Microsoft Azure and available on 26 highly secure and hyper scalable data centers around the world, MediaValet is uniquely equipped to meet the digital asset management needs of any organization, no matter its size, its industry or its location. Cutting-edge technology, exceptional product design, and unlimited friendly customer service are at the core of MediaValet’s DNA — ensuring exceptional customer and user experiences are delivered at all times.
“Neither the 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 further information, please contact:
Corporate Office
David MacLaren
CEO
[email protected]
(877) 688-2321
Investor Relations
Babak Pedram
[email protected]
(416) 644-5081
