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Intouch Insight Ltd. announces strategic issuance of options
Intouch Insight Ltd. announces strategic issuance of options Canada NewsWire OTT...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\nIntouch Insight Ltd. announces strategic issuance of options\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\nCanada NewsWire\nOTTAWA, March 6, 2018\n\n\n\nOTTAWA, March 6, 2018 /CNW/ - Intouch Insight Ltd. (\"Intouch\") (TSXV: INX) today announced approval, following a Special Meeting of Shareholders on March 1, 2018 to increase the pool of common shares available for issuance on exercise of options, from 1,920,196 to 3,263,771 (the \"Pool\"). \n\nThe resolution, as presented by the Company, was passed by a majority vote. Directors, Officers and Insiders abstained from voting.\n\nDuring the Directors meeting held at the end of the Special Meeting of Shareholders, a grant of 350,000 options to purchase common shares, representing 10.7% of the Pool was approved. The options are being granted with an exercise price of $.61 (sixty-one cents) based on the TSXV closing market price of the shares the day before. Of the 350,000 options to purchase common shares granted, 300,000 were granted to key employees across the organization and 50,000 to a 3rd party company as part of a contractual obligation. There were no options to purchase common shares issued to Directors, Officers or Insiders of the Company.\n\n\"We would like to thank our shareholders for supporting our strategy and their trust in us to be good stewards of the resources we have available. Talent acquisition in the technology sector is very competitive and we believe that the quality of the team we build will be what sets us apart for success. At Intouch, we have a strong entrepreneurial culture and believe that the team we are growing is second to none in our industry. We are very excited to be in a position to continue to build on this success through our increased ability to, not only retain talent, but be able to attract new high-quality members to the team as well,\" said Cameron Watt, President & Chief Executive Officer.\n\nAbout Intouch InsightIntouch Insight offers a complete portfolio of customer experience management (CEM) products and solutions that help global brands delight ...