TORONTO, June 16,
2022 /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM)
("EMERGE" or the "Company"), a diversified acquirer
and operator of niche e-commerce brands, is pleased to highlight
the nomination of Mr. Ian McKinnon
to the Company's board of directors at the Company's upcoming
annual general meeting to be held June 28,
2022 (the "AGM"), as outlined in the Company's
management information circular dated May
16, 2022 (the "Circular").
Mr. McKinnon has been a director of numerous public and private
technology companies since 1995, including 12 years on the board of
Constellation Software Inc. (TSX: CSU) from 2006 to 2018. Among
other roles, he currently serves as chairman of the board of
directors of MessagePoint, a privately owned technology company,
and as a director of TSX-listed, Sylogist Ltd. (TSX: SYZ). Prior to
2007, he was President and Chief Executive Officer of
TSX/Nasdaq-listed Certicom Corp (2002 to 2007) and TSX-listed
Promis Systems Corporation (1995 to 2000). From 1981 to 1995 he
held various sales and senior management positions at Digital
Equipment Corporation in Canada
and Singapore where he served as
Managing Director. Mr. McKinnon is a graduate of McMaster University and attended the INSEAD
Business School Advanced Management Program.
"We are truly fortunate to have Ian accept the board nomination,
pending shareholder approval. Ian has priceless experience in
technology, M&A, and public markets, perhaps none more relevant
than his 12 years on the board of Constellation Software, one of
the Canada's most successful and
valuable growth-by-acquisition companies. We welcome his
partnership and strongly believe it to be in the best interest of
shareholders to have him join the board as independent director,"
said Ghassan Halazon, Founder and CEO of EMERGE.
Assuming the election of all nominees set out in the Circular by
shareholders of the Company at the AGM, Mr. McKinnon is expected to
become the Company's third independent board member, alongside Mr.
John Kim and Mr. Drew Green (Chairman).
Ian
McKinnon commented on his nomination, "I've
observed how Ghassan and the EMERGE team have scaled their business
methodically and through disciplined capital allocation. If
appointed, I look forward to helping EMERGE successfully evolve and
execute their strategic growth plan."
Drew Green, Chairman of EMERGE
commented, "I am pleased that Ian has accepted the board
nomination. Ian's financial acumen and decades of experience
scaling technology companies will be invaluable to EMERGE, as we
continue to acquire and operate niche e-commerce brands."
In addition, the Company announces that Mr. Nima Besharat has resigned as Director and
Corporate Secretary of the Company effective June 15, 2022. The Company thanks Mr. Besharat
for his services to the board of directors.
AGM Information
EMERGE will hold its AGM on June 28,
2022 at 4:00 pm (Toronto
Time). The AGM will be conducted via live webcast. The audio
webcast of the AGM will be available via the following link
https://virtual-meetings.tsxtrust.com/1355.
The Company's Circular and accompanying Notice of Annual General
Meeting of Shareholders, and its audited annual financial
statements for the fiscal year ended December 31, 2021, are available under the
Company's SEDAR profile at www.sedar.com.
About EMERGE
EMERGE is a diversified acquirer and operator of profitable
niche e-commerce brands. Our subscription and marketplace
e-commerce properties provide our members with access to pet
products, premium meat, outdoor gear, golf, and other curated
experiences. Our portfolio houses online destinations including
WholesalePet.com, trulocal.ca, BattlBox.com, UnderPar.com,
JustGolfStuff.ca, CarnivoreClub.co, WagJag.com, and BeRightBack.ca.
EMERGE was named one of the fastest growing companies
in Canada by the Startup 50, and the Globe and Mail's
2020 Canada's Top Growing Companies.
To learn more visit https://www.emerge-commerce.com/
Cautionary notice
Neither 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.
Notice regarding
forward-looking statements
This press release may contain certain forward-looking
information and statements ("forward-looking information") within
the meaning of applicable Canadian securities legislation, that are
not based on historical fact, including without limitation
statements containing the words "believes", "anticipates", "plans",
"intends", "will", "should", "expects", "continue", "estimate",
"forecasts" and other similar expressions. Readers are cautioned to
not place undue reliance on forward-looking information. Actual
results and developments may differ materially from those
contemplated by these statements. There is no guarantee that the
nominees set out in the Circular will be elected as directors of
the Company at the AGM or that if elected, certain directors will
meet the requirements for independence as set out in applicable
Canadian securities legislation. The Company undertakes no
obligation to comment on analyses, expectations or statements made
by third-parties in respect of the Company, its securities, or
financial or operating results (as applicable). Although the
Company believes that the expectations reflected in forward-looking
information in this press release are reasonable, such
forward-looking information has been based on expectations, factors
and assumptions concerning future events which may prove to be
inaccurate and are subject to numerous risks and uncertainties,
certain of which are beyond the Company's control, including the
risk factors discussed in the Company's MD&A and Annual
Information Form which are incorporated herein by reference and are
available through SEDAR at www.sedar.com. The forward-looking
information contained in this press release are expressly qualified
by this cautionary statement and are made as of the date hereof.
The Company disclaims any intention and has no obligation or
responsibility, except as required by law, to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
On Behalf of the Board
Ghassan Halazon
Director and CEO
SOURCE EMERGE Commerce Ltd.