Company Preparing for Accelerated Expansion
MONTREAL, Dec. 17, 2019 /CNW/ – Mondias Natural Products
Inc. (TSXV: NHP) (the "Company" or
"Mondias") specializing in evidence-based botanical products
for the healthcare and bio-agriculture markets, today announced
that Normand Drolet, past President
and Co-Founder of Netgraphe Inc., was named to the Board of
Directors. Mr. Drolet joins current and existing Board
Members as an Independent Board Member effective
immediately.
Mondias Chairman Mr. André Rancourt said that "On behalf of the
Board of Directors, I am delighted to have Normand join us. Normand
joins Mondias at an exciting time as we prepare to execute on our
growth plan." Mr. Rancourt also stated that "this addition
complements our Board of Directors' skills and experience, and we
are confident they will provide valuable perspectives as we
continue to execute our strategy and enhance value for all our
shareholders."
"I am pleased to welcome Normand to the Mondias Board and look
forward to working with him," said Mondias CEO Dr. Patrick Frankham. "As a recognized leader in
finance and business strategy as well as digital commerce, Mondias
will benefit from Normand's expertise as we execute our accelerated
growth plan." Dr. Frankham also stated that "Mondias continues to
differentiate itself with the addition of another high-caliber
Board member as we aim to capture new and existing markets in the
natural products, agriculture and wellness products space."
About Mr. Normand
Drolet
Mr. Drolet is a Managing Partner at Alto
Gestion Conseil Inc., a consulting firm in finance and business
strategy working with growing Quebec SMEs. Mr. Drolet is a
Certified Management Consultant (CMC) and a member of
l'Ordre des Administrateurs Agréés du Québec (Adm.A.). Mr.
Drolet earned a Master's Degree in Strategic Management
(M.Sc.) and a B.A. in Accounting/Finance. He is also a
graduate from the Laval University
"Collège des administrateurs de sociétés" and has obtained
the title of "Administrateur de Société Certifié (ASC)",
also referred to as a Chartered Director (C.Dir.).
With a career spanning more than 30 years, Mr. Drolet has held
senior positions and management positions in several manufacturing,
services and information technology (IT) companies. Among others,
he was president and co-founder of Netgraphe Inc., the first
Internet-based public company listed in Canada in 1999 and founding President of an IT
focused investment company. M. Drolet is currently involved as
administrator and/or member of the advisory board of various
private companies, particularly involved in IT and industrial
companies.
Arrangement with Respect to Promotional and Investor
Relations Activities
In accordance with Policy 3.4 of the
TSX Venture Exchange, Mondias also wishes to announce that it has
retained the services of Woodcliff Capital Inc., a company owned by
Mr. Andre Audet (the "Consultant"),
in order to provide the Company with certain advisory services.
Mr. Audet, an arm's length individual based in Ottawa, Ontario, has provided certain capital
markets services including communicating with investment dealers,
advisers and shareholders to increase awareness of and interest in
the Company. The Consultant has agreed to provide the services to
the Company for a 12-month period and has agreed to be compensated
for such services with a one-time stock option grant of 1,260,000
stock options at an exercise price of $0.15 per share for a period of 12 months.
The foregoing option grant is in accordance with the terms of the
Company's stock option plan and applicable policies of the TSX
Venture Exchange.
About Mondias Natural Products Inc.
Mondias
specializes in the commercialization and development of
evidence-based botanical products for the healthcare,
bio-agriculture and organic markets. The company sells both oral
and topical botanical agents to help manage unmet medical needs
through its Holizen Laboratories division. Mondias is also
developing botanical-based specialty fertilizers for use on
household plants, lawns and golf courses and in urban gardens,
nurseries and greenhouses, in collaboration with McGill's Faculty
of Agricultural and Environmental Sciences.
For more information, visit: www.mondias.ca
Neither the 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.
Forward-looking statements
Some statements in this
release may contain forward-looking information. All statements,
other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without
limitation, statements regarding potential acquisitions and
financings) are forward-looking statements. Forward-looking
statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate",
"estimate", "believe", "intend", "plan" or "project" or the
negative of these words or other variations on these words or
comparable terminology. Forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond the
Company's ability to control or predict, that may cause the actual
results of the Company to differ materially from those discussed in
the forward-looking statements. Factors that could cause actual
results or events to differ materially from current expectations
include the Company's inability to obtain sufficient financing to
execute its business plan; competition; regulation; anticipated and
unanticipated costs and delays; the success of the Company's
research and development strategies; the ability to obtain orphan
drug status; the applicability of the discoveries made; the
successful and timely completion and uncertainties related to the
regulatory approval process; the timing of clinical trials; the
timing and outcomes of regulatory or intellectual property
decisions; and other risks disclosed in the Company's public
disclosure record on file with the relevant securities regulatory
authorities. Although the Company has attempted to identify
important factors that could cause actual results or events to
differ materially from those described in forward-looking
statements, there may be other factors that cause results or events
not to be as anticipated, estimated or intended. Readers should not
place undue reliance on forward-looking statements. The
forward-looking statements in this news release are made as of the
date of this news release, and the Company does not undertake any
obligation to publicly update them to reflect new information or
subsequent events or otherwise except as required by applicable
securities legislation.
SOURCE Mondias Natural Products Inc.