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.
About 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.
Forward-Looking Information
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.