Business
EMERGE Announces Termination of Investor Relations Agreement, Stock Option Grant, and Update on Issuance of Shares for Services
EMERGE Announces Termination of Investor Relations Agreement, Stock Option Grant, and Update on I...
About this update from Emerge Commerce Ltd
[{"type":"text","content":"\n \n \n \n EMERGE Announces Termination of Investor Relations Agreement, Stock Option Grant, and Update on Issuance of Shares for Services\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 2, 2022\n \n \n /CNW/ -\n \n EMERGE Commerce Ltd.\n \n (TSXV: ECOM) (\"\n \n EMERGE\n \n \" or the \"\n \n Company\n \n \"), a diversified acquirer and operator of niche e-commerce brands, announces that the Company has ended its engagement with LodeRock Advisors Inc. effective\n \n December 2022\n \n for strategic investor relations and capital markets communication services.\n \n \n The Company also granted incentive stock options (\"Options) to certain officers and employees of one of the Company's subsidiaries to acquire an aggregate of 350,000 common shares in the capital of the Company, in accordance with the Company's fixed equity incentive plan.\n \n \n The Options were granted at an exercise price of\n \n $0.10\n \n . The Options will vest in equal semi-annual instalments over the next four years and expire five years from the date of grant.\n \n \n The Option grants are governed by the terms of the Company's fixed equity incentive plan approved by shareholders at the Company's Annual and Special Meeting on\n \n June 28, 2022\n \n and are subject to the requirements of the TSX Venture Exchange.\n \n \n The Company also issued 150,000 Common Shares at a deemed price per Common Share equal to\n \n $0.20\n \n pursuant to the shares for services agreement previously announced on\n \n March 11, 2022\n \n .\n \n \n \n About EMERGE\n \n \n \n EMERGE is a diversified acquirer and operator of profitable niche e-commerce brands. Our subscription and marketplace e-commerce properties provide our members with access to pet products, premium meat, outdoor gear, golf, and other curated experiences. Our portfolio houses various online destinations including WholesalePet.com, trulocal.ca, BattlBox.com, UnderPar.com, JustGolfStuff.ca, CarnivoreClub.co, WagJag.com, BeRightBack.ca, and Wanlow.com. EMERGE was named...