NetworkNewsBreaks – Canopy Rivers Inc. (TSXV: RI
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Canopy Rivers (TSXV: RIV) recently announced that it has retained Hybrid Financial Ltd., a marketing and retail distribution services company, to provide certain investor relations (“IR”) services for an initial term of six months. Canopy Rivers will pay Hybrid a monthly fee of CAD $14,000, and has granted Hybrid options to purchase up to 120,000 shares of the company at a price of $3.50 per share. Starting three months after the grant, the options shall vest in quarterly increments and will expire within 12 months of the grant, except for the final tranche, which expires three months following those options vesting. This agreement and the related options are subject to the approval of the TSX Venture Exchange. “We are confident that Hybrid will help us increase market awareness and further engage with the investment community,” Daniel Pearlstein, EVP, Strategy of Canopy Rivers stated in the news release.
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