ePals Corporation, an education technology company and leading safe social learning network has engaged Toronto-based e.vestor Communications to manage its investor relations program and Canadian continuous disclosure requirements.
This is in support of its recent public listing in Canada.
e.vestor will advise the Corporation on capital markets strategies and manage investor relations outreach programs with a view to enhancing investor awareness, education and reachability.
e.vestor is a full service investor relations firm applying a modern investor relations model for publicly listed clients to engage today’s evolving online investor audience. Through innovative, responsible investor relations communications, e.vestor has established a reputation within the investment community for small capitalization technology listings.
The Corporation has granted to certain employees of its wholly-owned subsidiary, ePals, Inc. (“ePals”), stock options to acquire a total of 143,000 common shares of the Corporation. The stock options are exercisable, once vested, at a price of C$ 0.55 per share for a period of 10 years, with 1/12 of the options vesting quarterly in equal amounts over the next 12 quarters.
In addition, the Corporation granted stock options to consultants to acquire a total of 213,700 common shares of the Corporation. The stock options are exercisable, at a price of C$ 0.55 per share for a period of 10 years, with various vesting periods.
All of these stock options were granted pursuant to the Corporation’s incentive stock option plan.
The Corporation also awarded to certain officers and employees of the Corporation and ePals a total of 618,466 restricted share units which may be redeemed for an equal number of restricted voting common shares of the Corporation. It has 1/12 of such restricted share units vesting quarterly in equal amounts over the next 12 quarters.
In addition, the Corporation awarded 19,740 restricted share units to a consultant which vested on the date of award and are redeemable for an equal number of restricted voting common shares of the Corporation. All of these restricted share units were awarded pursuant to the Corporation’s restricted share unit plan.