LONDON, United Kingdom and MONTREAL, Aug. 9, 2016 /CNW/ - LGC Capital Ltd. (TSXV: QBA) is pleased to announce that it has engaged The Howard Group Inc. of Calgary, Alberta to provide Investor Relations and Capital Market advisory services.
The Howard Group will focus on programs to expand the following of LGC Capital and involvement of the institutional, investment and retail investing communities. The Howard Group will arrange investor presentations and meetings with the investment community, establish an online presence with the retail investing audience, assist LGC Capital in the preparation of corporate materials, co-ordinate their electronic distribution, advise on LGC Capital's website and internet presence, and include LGC Capital in The Howard Group's ongoing electronic blog commentary "Insight LIVE".
As consideration for these services, LGC Capital will pay The Howard Group a monthly fee of $5,000. In addition, subject to regulatory approval, LGC Capital will grant The Howard Group a stock option in respect of 1,000,000 common shares with an exercise price of $0.135 per share, which will vest on a quarterly basis over twelve months. The stock option will have a term of three years.
The agreement between LGC Capital and The Howard Group may be terminated by either party upon 30 days' notice, after an initial six-month period ending February 9, 2017.
LGC Capital and The Howard Group are at arm's length. The agreement between LGC Capital and The Howard Group is subject to the approval of the TSX Venture Exchange.
About LGC Capital
LGC Capital is one of the few public listed companies globally whose primary purpose is investing directly in the fast-growth Cuban economy. The company has significant shareholdings and joint ventures in well-established international businesses operating in the Cuban Oil and Gas exploration, Travel, Events, TV and Film Production support, Human Resources, Agricultural and Import & Export sectors.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LGC Capital Ltd
For further information: please contact: Company & Media Contacts, Canada contact: Rafi Hazan, Secretary and Director, Tel.: (514) 839-7234; London Office contact: David Lenigas, Co-Chairman and Chief Executive Officer, Anthony Samaha, Chief Financial Officer, Tel.: +44 (0) 20 7440 0640; Investor Relations Contact, Dave Burwell, The Howard Group Inc., Tel.: (403) 221-9015, Toll Free: 1-888-221-0915, Email: [email protected]