Ciscom Corp. Issues Options
Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) has issued 250,000 options to purchase common shares to each of its new directors, Stephen Lautens and Angel Valov. These options were granted under the Company's stock option plan, vested immediately, and are exercisable at $0.10 per share for five years. The full stock option plan is available on SEDAR+.
- Ciscom Corp. has added two new directors, potentially strengthening its leadership.
- The Company issued 500,000 options at $0.10 per share, possibly incentivizing the new directors.
- Issuing 500,000 new options may lead to shareholder dilution.
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or the "Company"), which actively invests in, acquires, and manages companies in the Information and Communication Technology sector, announces that the Company has issued 250,000 options to purchase common shares in the capital of the Company (each, an "Option") to each of its two new directors, Messrs. Stephen Lautens and Angel Valov. The Options were issued pursuant to the Company's stock option plan, vested immediately, and are exercisable at a price of
Please contact the Company for further information.
About Ciscom Corp.
Ciscom (CSE: CISC) (OTCQB: CISCF) actively invests in, acquires, and manages market leading companies within the Information and Communication Technology (ICT) sector, targeting SMEs with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omni-media, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data driven and technology market. Ciscom became a listed issuer in June 2023 on the CSE and October 2023 on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group (PMG). For more information, visit www.CiscomCorp.com.
Contact Information:
Michel Pepin
President, CFO & Director
mpepin@ciscomcorp.com
+1 (416) 366-9727
@CiscomCorp
Cautionary Statement
This news release may contain certain statements that constitute forward-looking statements as they relate to Ciscom and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding any future acquisitions by Ciscom and any results thereof, any future growth in shareholder value, the ability of Ciscom to optimize advertising spend, future expectations of growth and profits, future grants of equity incentive awards, future payments of dividends, the future plans for the Company, and other forward-looking information. By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general commercial risks inherent to operating non-manufacturing businesses; the capital requirements of the Company and ability to maintain adequate capital resources to carry out its business activities; the ability to identify ICT target acquisitions and complete such transactions on an economic basis or at all, and successfully integrate those businesses; the ability to convert the potential in the pursued business opportunities to tangible benefits to the Company or its shareholders; risks of a material adverse change to the Company's assets or revenue; stock market volatility and capital market valuation; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; potential losses on investments; unstable and potentially negative economic conditions; fluctuations in interest rates; competition for investments within the ICT sector; maintenance of client relationships; maintaining a listing on the Canadian Securities Exchange; risks related to potential dilution in the event of future financings; no previous public market for the Company's shares; volatility of the market price for the Company's securities; audit risk; litigation risk and risk of future legal proceedings; jurisdictional and regulatory risk; lack of operating cash flow; volatility; additional funding requirements; adverse general economic conditions; competition; conflicts of interest; income tax matters; availability and terms of financing; rising costs related to inflation; and effects of market interest on price of securities and potential dilution; and those factors detailed in the Company's prospectus dated June 5, 2023 and other public documents filed under Ciscom's profile at www.sedarplus.ca. Ciscom has also assumed that no significant events occur outside of Ciscom's normal course of business.
Ciscom cautions that the foregoing list of factors is not exhaustive. In addition, although Ciscom has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on Ciscom's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Ciscom has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Ciscom as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Ciscom does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214813
FAQ
What options did Ciscom Corp. issue to its new directors?
At what price are the new options issued by Ciscom Corp. exercisable?
When were the options issued to Ciscom Corp.'s new directors vested?
How long are the options issued by Ciscom Corp. valid?
Where can I find Ciscom Corp.'s full stock option plan?
