Emblem Corp. By-Law Amendment and Investor Relations Services Update
August 25 2017 - 5:00PM
NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
Emblem Corp. (TSXV:EMC) (“Emblem” or the "Company") amended and
restated By-Law No. 1 of the Company to provide that
the quorum requirement for a meeting of shareholders of the Company
shall be two (2) persons, present in person, each being a
shareholder or representative duly authorized in accordance with
the Canada Business Corporations Act entitled to vote at the
meeting or a duly appointed proxy for a shareholder so entitled and
holding or representing, in the aggregate, not less than five
percent (5%) of the votes entitled to be cast at the meeting of
shareholders.
In addition to the foregoing, the Company has
entered into an amended investor relations and capital markets
advisory services agreement (the "Agreement") with Spinnaker
Capital Markets Inc. (“Spinnaker”) pursuant to which Spinnaker will
provide capital markets and investor relations advisory services to
Emblem until April 30, 2020.
Pursuant to the Agreement and as disclosed in
the Company's press release dated April 17, 2017, the Company has
issued an aggregate of 200,000 incentive stock options with an
exercise price of $2.60 per share and will pay Spinnaker a monthly
fee of $10,000 plus applicable taxes. The Agreement is subject to
the acceptance of the TSX Venture Exchange.
About Emblem
Emblem is licensed under the Access to Cannabis
for Medical Purposes Regulations (the “ACMPR”) to cultivate and
sell medical marihuana. Emblem carries out its principal activities
producing marihuana from its facilities in Paris, Ontario pursuant
to the provisions of the ACMPR and the Controlled Drugs and
Substances Act (Canada) and its regulations.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes.
Management of the Company believes the
expectations reflected in such forward-looking statements are
reasonable as of the date hereof but no assurance can be given that
these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. Any
forward-looking statements are made as of the date hereof and,
except as required by law, the Company assumes no obligation to
publicly update or revise such statements to reflect new
information, subsequent or otherwise.
For further information contact:
Ali Mahdavi
Emblem Corp.
(416) 962-3300
alimahdavi@emblemcorp.com
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