Business
Namaste Provides Capital Markets Update & Filing of CEO Employment Agreement
Namaste Provides Capital Markets Update & Filing of CEO Employment Agreement N...
About this update from Lifeist Wellness Inc
[{"type":"text","content":"\n\n\n\nNamaste Provides Capital Markets Update & Filing of CEO Employment 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\nNamaste Provides Capital Markets Update & Filing of CEO Employment Agreement\nCanada NewsWire\nVANCOUVER, Jan. 11, 2019\n\n\n\nVANCOUVER, Jan. 11, 2019 /CNW/ - Namaste Technologies Inc. (\"Namaste\" or the \"Company\") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) today announced that it has entered into a consulting agreement with Incite Capital Markets (\"Incite\") to provide investor relations and communication services, subject to TSX Venture Exchange (the \"Exchange\") approval. The Company has selected the Incite Capital Markets to share Namaste's compelling story to brokers, analysts and portfolio managers globally.\n\n \n \n\n \nIn consideration for their services, Incite will be paid $6,500 per month over a six month term of engagement plus pre-approved out-of-pocket expenses, which amounts will be paid from general working capital. After six months, Incite's engagement will then convert to a month to month basis subject to a 30-day termination notice, by either party. In addition, subject to Exchange approval, Namaste has granted Incite an option to acquire 150,000 common shares in the capital of the Company at a price of $1.65 per share that vest quarterly over twelve months and have a five-year term. Upon termination of the consulting agreements, any vested options will be cancelled after 30 days, as is required by the Exchange.\nThe agreement and the related stock option grant are subject to the approval of the TSX Venture Exchange. Incite currently has no direct or indirect interest in the securities of Namaste other than the previously mentioned stock options. A previous agreement for investor relations services with Hybrid Financial Ltd. has been cancelled.\nThe Company also wishes to announce that the Board of Directors previously approved a new employment agreement between Namaste and its CEO, Sean Dollinger effective as of January 1, 2019. The agreement reflects an update of Mr. Dollinger's previous agreement with ...