Business
Everyday People Financial Announces the Issuance of Shares for Services
Edmonton, Alberta--(Newsfile Corp. - July 10, 2025) - Everyday People Financial Corp. (TSXV: EPF...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Announces the Issuance of Shares for ServicesEdmonton, Alberta--(Newsfile Corp. - July 10, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (\"Everyday People\" or the \"Company\"), a technology-driven financial services provider, is pleased to announce that on May 18, 2025, the Company initially entered into an advisory agreement and subsequently an amending agreement (the \"Agreement\") with an independent consultant for services to support the Company's business development and corporate initiatives for its Financial Services business pillar, effective April 1, 2025.Pursuant to the terms of the Agreement, the consultant will provide services for a period of twelve months in exchange for a monthly fee of $5,000 cash and an aggregate of $125,000 payable in common shares in the capital of the Company (\"Shares for Services\"). \"This Agreement reflects our continued focus on smart, scalable growth,\" said Gordon Reykdal, Executive Chairman of Everyday People. \"By engaging experienced advisors through a cost-efficient compensation model, we're reinforcing our commitment to responsible capital management while accelerating the execution of our business strategy of our Financial Services sector.\"Hon. Doug Horner, ECA, ICD.D, Partner at the Company's government relations firm, commented on the momentum of the Everyday Wallet, \"Everyday People's collaborative approach and commitment to financial innovation is earning meaningful engagement opportunities across Canada. The Everyday Wallet stands out as a credible, community-focused solution that reflects the values and priorities we're seeing at all levels of government.\"Of the total Shares for Services, 109,201 common shares will be issued as compensation for services already provided in April, May and June 2025, having an aggregate value of $80,000, based on the closing prices of the Company's common shares listed on the TSX Venture Exchange (the \"TSXV\") on the first trading day following each respective service month, of $0.76 per share for April services, $0.71 per share for May services, and $0.71 per share for June services. The remaining $45,000 shall be payable in Shares for Services and will be issued in monthly instalments of $5,000 payable in common shares after each month of service, with the deemed price per share to be det...