PesoRama Announces Appointment of New Chief Operating Officer

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[{"type":"text","content":"PesoRama Announces Appointment of New Chief Operating OfficerToronto, Ontario--(Newsfile Corp. - November 24, 2023) - PesoRama Inc. (TSXV: PESO) (\"PesoRama\" or the \"Company\"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, announces the appointment of Rodrigo Castañón as Chief Operating Officer of the Company's operating subsidiaries in Mexico City.Mr. Castañón joins with vast experience in several sectors including retail, marketing and fast-moving consumer goods. Within retail he has had experience in operations, expansion, finance, and marketing, among other areas. He worked for four years in Colombia for Tiendas D1, the largest hard discount retailer in Latin America with over 2,300 stores, where he was responsible for expansion and opened north of 1,100 stores during that period. With Tiendas D1 he implemented an expansion booster plan, led store maintenance, relocations, remodelling, and national security, as well as being a member of the executive committee. Before joining Tiendas D1 he worked for several years for DIA Group, a Spanish food retail company with more than 7,000 stores. With DIA he held responsibilities in Spain and in China where he lived for several years in Shanghai. He covered areas such as operations, sales manager, human resources, expansion, and business controlling. He holds a Business Administration and Law Degree from Universidad Pontificia Comillas and a Master's Degree in International Business from Zhejiang University.In connection with his appointment, the Company has granted to Mr. Castañón incentive stock options (the \"Options\") to purchase an aggregate of 1,000,000 common shares (each, a \"Share\") of the Company. The Options are exercisable until November 24, 2028 at a price of $0.23 per Share and shall vest as follows: ¼ on the first anniversary of the date of grant, ¼ on the second anniversary of the date of the grant, ¼ on the third anniversary of the date of the grant, and ¼ on the fourth anniversary of the date of the grant. The Options are granted pursuant to the Company's stock option plan which was most recently approved by shareholders at the Company's annual and special meeting held on August 8, 2023, and remain subject to approval of the TSX Venture Exchange.About PesoRama Inc.PesoRama,...

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