VANCOUVER, May 24, 2017 /CNW/ - RYU Apparel Inc. ("RYU" or the "Company") (TSX VENTURE: RYU & Frankfurt Stock Exchange: RYA), a global, athletic tech-style apparel brand engineered for the fitness, training and performance of the multi-discipline athlete, announces that, on January 30, 2017, the Company entered into a market making agreement (the "Agreement") with ACON Actienbank AG ("ACON"), a market maker in Germany, whereby the Company engaged ACON to provide market making services (the "Market Making Services") on the Frankfurt Stock Exchange on behalf of the Company. In consideration for the Marketing Making Services, the Company has agreed to pay a fee in the amount of EUR 3,750.00 plus VAT (if applicable) on a quarterly basis. The term of the Agreement is for a period of twelve months and will be extended for an unlimited period if it is not terminated. RYU and ACON are unrelated and unaffiliated entities. ACON has no interest, directly or indirectly, in RYU or its securities, or any right or intent to acquire such an interest. The capital and securities required for any trade undertaken by ACON as principal will be provided by ACON.
For regular updates on RYU Apparel visit: http://ryu.com.
RYU Apparel Inc. is tailored innovation for the urban athlete. Designed without compromise, RYU engineers apparel and accessories for the fitness and training of the multi-discipline athlete. Created for athletes by athletes, RYU exists to facilitate human performance. For more information, visit: http://ryu.com.
On Behalf of the Board
RYU APPAREL INC.
Marcello Leone, CEO, President and Chairman of the Board
Neither the 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.
SOURCE RYU Apparel Inc.
For further information: Investor Relations Contact: Anna Brazier, Investor Relations, 1-844-535-2880, [email protected], www.ryu.com; For Media inquiries, contact: Katie Stevens, 778-686-0906, [email protected]