CALGARY, Oct. 11, 2017 /CNW/ - Trakopolis IoT Corp. (TSXV: TRAK) ("Trakopolis" or the "Company"), is pleased to announce it has engaged Oak Hill Financial Inc. ("Oak Hill") to provide investor relations and capital markets advisory services.
The remuneration payable to Oak Hill will be $8,500 per month plus GST. In addition, as part of the option grants announced on October 10, 2017, Oak Hill has been granted 100,000 options to acquire common shares in the capital of Trakopolis. The options have a five-year term, an exercise price of $0.90 and vest over a period of 24 months. The agreement is subject to the approval of the TSX Venture Exchange.
Oak Hill helps clients identify and pursue strategic initiatives, devise strategies to enhance shareholder value, provide investor relations, and develop new ideas and deeper perspective regarding strategic assets. Pursuant to the agreement with Trakopolis, Oak Hill will provide a turn-key investor relations program catering to institutional and retail investors, provide liquidity strategies to the Company and facilitate strategies and processes for independent brokerage research coverage, among other things.
"Oak Hill specializes in bridging the gap between traditional investor relations and capital markets activities to provide a comprehensive set of such services to our clients. We are excited to be working with Trakopolis and look forward to applying our wealth of experience in innovative sectors to bring a better understanding of the Company and its unique suite of products to the investing public," stated Ron Shuttleworth of Oak Hill.
"Oak Hill's experience in the technology sector was a key factor in their selection. Having a team with hands-on c-suite experience in building technology companies, as well as significant capital markets experience, provides Oak Hill with a unique ability to assist Trakopolis in raising our profile with investors," stated Brent Moore, CEO of Trakopolis.
Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and people. The company's asset management enabling technology works across a variety of platforms and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, mining, gas detection and insurance.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of Oak Hill and the achievement of Trakopolis' capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: receipt of TSX Venture Exchange approval of the engagement of Oak Hill; the success of Oak Hill Financial and Trakopolis in achieving Trakopolis' capital markets objectives; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Trakopolis' public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither 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.
SOURCE Trakopolis IoT Corp.
For further information: please contact: Brent Moore, President and Chief Executive Officer, Trakopolis IoT Corp., Telephone: (403) 450‐7854, Email: [email protected]