Business
Burcon engages investor relations consultant
VANCOUVER, Aug. 6 /CNW/ - Burcon NutraScience Corporation (TSX -BU) ("Burcon" or the "Corporation...
About this update from Burcon Nutrascience Corporation
[{"type":"text","content":"\n\n\n\nVANCOUVER, Aug. 6 /CNW/ - Burcon NutraScience Corporation (TSX -BU)\n("Burcon" or the "Corporation") announced today that it has engaged Mr. Sven\nOlsson of Goeppingen, Germany, to perform investor relations services by\nassisting Burcon with communicating its corporate message to financial markets\nin Europe. Mr. Olsson has been working on behalf of Burcon over the last six\nyears when he was with AXINO AG, a Stuttgart based investor relations firm.\nBurcon will continue to use the services of AXINO AG for its general investor\nrelations activities in Europe.\n\n\nMr. Olsson is an accomplished professional with over fifteen years in the\ncommunications business of which he dedicated the last eight years to the\nNorth American investment and finance industry. Since 2001, Mr. Olsson has\nheld the position of Director of Media and Corporate Communications at AXINO\nAG, a European consulting firm specializing in communications for companies in\nthe resource sector. In his role, Mr. Olsson was responsible for investor\nrelations in Europe for numerous major and micro cap resource-based companies\nin all phases of development. His network of contacts within the financial\ncommunities as well as media extends across Europe and North America.\n\n\nThe Investor Relations Service Agreement (the "Agreement") has a term of\n24 months. The Agreement is also terminable upon 30 days notice by either\nparty. The Corporation will pay Mr. Olsson (euro)750 per day for attendance at\ninvestor meetings in Europe and has also granted him an option to purchase up\nto a total of 15,000 Common shares in the capital of Burcon at an exercise\nprice of $6.10 per share. The option will have a term of five years from the\ndate of grant and will vest as to 33 1/3% on the date that is 8, 16 and 24\nmonths from the date of grant, respectively.\n\n\nAbout Burcon NutraScience\n\n\nBurcon is a leader in nutrition, health and wellness in the field of\nfunctional, renewable plant proteins. Since 1999, Burcon has developed a\nportfolio of composition, application, and process patents originating from\nour core protein extraction and purification technology. We are developing the\nworld's first commercial canola proteins, Puratein(R) and Supertein(TM) with\nunique functional and nutritional attributes, and CLARISOY(TM), a\nrevolu...