MONTREAL, Aug. 11,
2022 /CNW Telbec/ - IOU FINANCIAL INC. ("IOU
Financial" or the "Company") (TSXV: IOU), a leading online lender
to small businesses (IOUFinancial.com), announced today the grant
of options pursuant to its Stock Option Plan.
The Company granted options entitling its senior officers,
directors, and certain managers and consultants to acquire up to an
aggregate of 2,650,000 Common Shares of the Corporation ("Shares")
at an exercise price of $0.16. These
options have a term of five years from the date of grant with
one-third (1/3) vesting immediately and one-third (1/3) which will
vest on each of the first and second anniversaries of the date of
grant.
About IOU Financial Inc.
IOU Financial Inc. is a wholesale lender that provides quick and
easy access to growth capital to small businesses through a network
of preferred brokers across the US and Canada. Built on its proprietary IOU360
technology platform that connects underwriters, merchants and
brokers in real time, IOU Financial has become a trusted
alternative to banks by originating over US$1 billion in
loans to fund small business growth since 2009. IOU was named
one of the 50 Best Places to Work in Fintech for 2022 by American
Banker and trades on the TSX Venture Exchange under the symbol IOU
(TSXV: IOU), and on the US OTC markets as IOUFF. To learn
more about IOU Financial's corporate history, financial products,
or to join our broker network please visit
www.IOUFinancial.com.
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.
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SOURCE IOU Financial Inc.