Business
Anthony Lacavera Agrees to Take Salary in Shares and Mr. Brice Scheschuk to Replace Brock Bundy as CFO
Anthony Lacavera Agrees to Take Salary in Shares and Mr. Brice Scheschuk to Replace Brock ...
About this update from Live Energy Minerals Corp
[{"type":"text","content":"\n\n\n\nAnthony Lacavera Agrees to Take Salary in Shares and Mr. Brice Scheschuk to Replace Brock Bundy as CFO\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\nTORONTO, Nov. 15, 2018\n\n\n\nTORONTO, Nov. 15, 2018 /CNW/ - Globalive Technology (TSX-V: LIVE) Chief Executive Officer Anthony Lacavera today announced his intention to receive his future salary in shares of Globalive Technology, rather than cash, subject to approval by the TSX Venture Exchange. Until receipt of such approval, effective as of January 1, 2019, Mr. Lacavera will begin receiving his salary in cash quarterly in arrears, and, subject to TSX Venture approval and compliance with applicable securities laws, will use the after-tax total to purchase shares of Globalive Technology by way of private placement.\nMr. Lacavera's willingness to forgo his cash salary in favour of shares demonstrates his confidence in the long-term performance of Globalive Technology and his ongoing commitment to remain aligned with the interests of shareholders.\n\"I believe the pipeline of products we're building has significant upside,\" said Mr. Lacavera. \"The progress made by our collaborators such as Flexiti Financial and Sponsor Energy shows we're just starting to scratch the surface of our potential.\"\nSeparately, Globalive Technology announced Brice Scheschuk has been appointed to the role of Chief Financial Officer of the Company, as Interim Chief Financial Officer Brock Bundy transitions out of the role.\n\"I am thrilled to have helped lay the groundwork for Globalive Technology, and I am excited to watch the Company continue to grow,\" said Mr. Bundy. \"Over the next few months, I will work closely with Brice and the rest of the leadership team to ensure a smooth transition.\"\nAbout Globalive Technology Inc.Globalive Technology is a next generation software company and venture partner that is developing and investing in innovative solutions to disrupt traditional industries. The company forms partnerships with leading high growth companies to develop and commercialize software solutions using optim...