Business
ADCORE Announces New Market Making Agreement and Granting of Options
TORONTO, ONTARIO / ACCESSWIRE / May 29, 2019 / ADCORE Inc. (formerly County Capital One Ltd....
About this update from Adcore Inc
[{"type":"text","content":"ADCORE Announces New Market Making Agreement and Granting of OptionsTORONTO, ONTARIO / ACCESSWIRE / May 29, 2019 / ADCORE Inc. (formerly County Capital One Ltd.) (the \"Corporation\") (TSXV: ADCO) and the parent company of Podium Advertising Technologies Ltd. d/b/a ADCORE (\"ADCORE\"), announced that it has retained Generation Advisors Inc. ('GenerationAI') to provide market making services to the Corporation in compliance with the guidelines of the TSX Venture Exchange (the 'Exchange'). GenerationAI will trade shares of the Corporation on the Exchange for the purposes of maintaining an orderly market and improving the liquidity of the Corporation's shares.In consideration for their services, the Corporation has agreed to pay GenerationAI $7,500 per month for a period of a minimum of 6 months. The agreement may be terminated by the Corporation or GenerationAI on 30 days' notice. There are no performance factors contained in the agreement and GenerationAI will not receive any shares or options from the Corporation as compensation for the services it will render. The Corporation and GenerationAI are unrelated and unaffiliated entities, but GenerationAI 's clients may have an interest, directly or indirectly, in the securities of the Corporation. The agreement is subject to regulatory approval.The Corporation also granted an aggregate of 1,950,000 incentive stock options to directors, officers, employees and consultants of the Corporation in accordance with the Corporation's stock option plan today.Each option entitles the holder thereof to purchase one common share of the Corporation at an exercise price of $0.50 per common share, and is exercisable for a period of up to five years from the date of grant and are subject to the approval of the Exchange.ABOUT ADCOREADCORE is a leading provider of machine-learning powered advertising technologies. ADCORE's suite of solutions empowers digital advertisers with automated solutions to enhance and maximize their Search Engine Marketing (\"SEM\"). ADCORE's technologies are designed for in-house marketing professionals, freelancers and advertising agencies to scale their SEM activity and maximize their ROI.By combining extensive industry knowledge and experience with its proprietary artificial intelligence (\"AI\") engine, ADCORE offers a unique SEM platform. In addition to being named nume...