Business
Tantalus Announces Engagement of Adelaide Capital For Investor Relations and ITG for Market Making Services
Burnaby, British Columbia--(Newsfile Corp. - March 11, 2021) - Smart grid technology leader Ta...
About this update from Tantalus Systems Holding Inc
[{"type":"text","content":"Tantalus Announces Engagement of Adelaide Capital For Investor Relations and ITG for Market Making ServicesBurnaby, British Columbia--(Newsfile Corp. - March 11, 2021) - Smart grid technology leader Tantalus Systems (TSXV: GRID) (\"Tantalus\" or the \"Company\") today announced that it has entered into a consulting agreement (the \"Consulting Agreement\") with Adelaide Capital (\"Adelaide\") to provide investor relations consulting services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange (the \"TSXV\") and applicable legislation.Adelaide will work closely with Tantalus' management team to provide investor relations and consulting services to the Company. Under the terms of the Consulting Agreement, Adelaide will receive C$10,000 per month for an initial period of one year (subject to extension by mutual agreement) commencing immediately. Adelaide will, among other things, work with Tantalus to prepare corporate materials and press releases, provide advice on investor relations matters, coordinate non-deal and deal roadshows, conduct and recommend virtual campaigns and conferences, coordinate social media outreach, and assist with investor introductions and communications.Adelaide is a full-service investor relations firm that specializes in small-cap growth companies. In addition, Tantalus, subject to regulatory approval, has retained Independent Trading Group (\"ITG\") to provide market-making services in accordance with the policies and guidelines of the TSXV and other applicable statutes and regulations.ITG will trade shares of Tantalus on the TSXV and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. Under the terms of the agreement, ITG will receive C$6,000 per month, payable monthly in advance. The engagement is effective March 8, 2021 and has an initial term of three months. Thereafter, the engagement will automatically renew for successive one-month terms until terminated by either party upon 30 days prior written notice. There are no performance factors contained in the agreement, and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or ind...