VANCOUVER, May 24, 2017 /CNW/ - RYU Apparel Inc.
("RYU" or the "Company") (TSX VENTURE: RYU &
Frankfurt Stock Exchange: RYA), a global, athletic tech-style
apparel brand engineered for the fitness, training and performance
of the multi-discipline athlete, announces that, on January 30, 2017, the Company entered into a
market making agreement (the "Agreement") with ACON
Actienbank AG ("ACON"), a market maker in Germany, whereby the Company engaged ACON to
provide market making services (the "Market Making
Services") on the Frankfurt Stock Exchange on behalf of the
Company. In consideration for the Marketing Making Services,
the Company has agreed to pay a fee in the amount of EUR 3,750.00 plus VAT (if applicable) on a
quarterly basis. The term of the Agreement is for a period of
twelve months and will be extended for an unlimited period if it is
not terminated. RYU and ACON are unrelated and unaffiliated
entities. ACON has no interest, directly or indirectly, in
RYU or its securities, or any right or intent to acquire such an
interest. The capital and securities required for any trade
undertaken by ACON as principal will be provided by ACON.
For regular updates on RYU Apparel visit: http://ryu.com.
About RYU
RYU Apparel Inc. is tailored innovation for
the urban athlete. Designed without compromise, RYU engineers
apparel and accessories for the fitness and training of the
multi-discipline athlete. Created for athletes by athletes,
RYU exists to facilitate human performance. For more
information, visit: http://ryu.com.
On Behalf of the Board
RYU APPAREL INC.
"Marcello
Leone"
Marcello
Leone, CEO, President and Chairman of the Board
Tel: 604-235-2880
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE RYU Apparel Inc.