Business
Reklaim Announces Appointment of Former CFO as a Director
Andrew Elinesky, Former CFO of Reklaim, joins the board of directors to help provide additiona...
About this update from Reklaim Ltd
[{"type":"text","content":"Reklaim Announces Appointment of Former CFO as a DirectorAndrew Elinesky, Former CFO of Reklaim, joins the board of directors to help provide additional capital markets experience during Company's growth stage.New York, New York--(Newsfile Corp. - September 7, 2022) - Reklaim Ltd. (OTCQB: MYIDF) (TSXV: MYID) (\"Reklaim\" or the \"Company\"), the destination for consumers to access and reclaim their data, announces that it has appointed Andrew Elinesky CPA, CGA, and FCCA (UK) as an additional director of the Company, effective September 1, 2022. Mr. Elinesky will hold the position of director until the Company's next annual general meeting, where he will stand for election by shareholders. As a result, the Company's board of directors (the \"Board\") now consists of six members, of which three are independent.Mr. Elinesky is the former Chief Financial Officer of the Company and has operated in the capital markets and finance industry for over 20 years. Mr. Elinesky brings extensive experience leading corporate strategy and financial management for NYSE and TSX listed organizations, including capital investment, multi-million-dollar debt, and equity financings, asset acquisitions, and company mergers and acquisitions. \"Andrew's extensive capital markets and financial experience was a key asset for the Company in the past and will be valuable during Reklaim's next growth phase,\" said Neil Sweeney, Reklaim's Chairman, and CEO. \"His intimate understanding of the nature of our business combined with his contacts across multiple industries will be an enormous help to our other board members, our shareholders, as well as me as we look to accelerate the growth of Reklaim.\"In connection with his appointment, the Company has granted Mr. Elinesky stock options to purchase up to an aggregate of 30,000 common shares (the \"Options\") under the Company's 10% rolling stock option plan (the \"Option Plan\"). The Options vest quarterly for twelve months and are exercisable until September 1, 2027, at an exercise price of $0.08 per share. My Elinesky was granted these options in place of a monthly cash stipend. The appointment of Mr. Elinesky to the Board and the issuance of the Options remain subject to the approval of the TSX Venture Exchange (the \"TSXV\").The Company also announces that it has granted, effective as of September 1, 2022, st...