Business
INEO Enters into Capital Markets Advisory Services Agreement
INEO Enters into Capital Markets Advisory Services Agreement Canada NewsWire SUR...
About this update from Ineo Tech Corp.
[{"type":"text","content":"\n\n\n\nINEO Enters into Capital Markets Advisory Services Agreement\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\nSURREY, BC, March 2, 2020\n\n\n\nSURREY, BC, March 2, 2020 /CNW/ - INEO Tech Corp. (TSX-V: INEO) (the \"Company\" or \"INEO\"), the developer of The Welcoming System for retailers, is pleased to announce that it has retained Angad Capital Inc. (\"Angad\"), to provide corporate strategy, capital markets advisory and investor relations services. The agreement with Angad is subject to TSX Venture Exchange approval.\nIn connection with the engagement, Angad has been awarded a consulting agreement for an initial term of one year commencing March 1, 2020, for a monthly fee of CDN$10,000. INEO has also agreed to grant Angad with options to purchase 500,000 common shares in the capital of the Company (the \"Options\") at a price of $0.26 per common share. The Options are granted pursuant to the Company's Stock Option Plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange. Angad Capital previously directly owns 1,213,020 shares of the Company.\nThe Company also announces that the Board of Directors has authorized the grant of incentive stock options to directors, officers and employees of the Company.  Options to purchase an aggregate of 1,900,000 common shares of the Company with an exercise price of $0.26 per share have been granted to directors and officers of the Company.\nAbout Angad Capital Inc.\nBased in Surrey, BC, Angad Capital was founded by Pardeep Sangha, a former ranked investment equity analyst for Haywood Securities and PI Financial Corp. Angad Capital provides capital markets advisory services to early stage technology companies including business plan formation, corporate strategy, valuation and financial modelling, acquisition advisory, investor relations and public relations.  Angad Capital has an extensive network of relationships with investors, analysts, institutional sales, bankers, brokers and institutional fund managers.  For further information p...