Clip Money Inc. enters into Advisory Services Agreement with Oak Hill Financial Inc.
Clip Money (TSX-V: CLIP) has announced a new advisory services agreement with Oak Hill Financial for investor relations services. Oak Hill, based in Toronto, will assist Clip with investor outreach, engagement, new investor identification, and marketing efforts. The initial one-month agreement begins November 7, 2024, with monthly renewals at Clip's discretion. The service fee is set at CDN$10,000 per month plus taxes. Oak Hill currently holds no securities or rights to acquire interests in Clip.
Clip Money (TSX-V: CLIP) ha annunciato un nuovo accordo di consulenza con Oak Hill Financial per servizi di relazioni con gli investitori. Oak Hill, con sede a Toronto, assisterà Clip con l'outreach verso gli investitori, l'engagement, l'identificazione di nuovi investitori e gli sforzi di marketing. L'accordo iniziale di un mese inizia il 7 novembre 2024, con rinnovi mensili a discrezione di Clip. La cifra per il servizio è fissata a 10.000 CDN$ al mese più tasse. Attualmente, Oak Hill non detiene titoli o diritti per acquisire interessi in Clip.
Clip Money (TSX-V: CLIP) ha anunciado un nuevo acuerdo de servicios de asesoría con Oak Hill Financial para servicios de relaciones con inversores. Oak Hill, con sede en Toronto, asistirá a Clip en el alcance a inversores, compromiso, identificación de nuevos inversores y esfuerzos de marketing. El acuerdo inicial de un mes comienza el 7 de noviembre de 2024, con renovaciones mensuales a discreción de Clip. La tarifa del servicio se establece en 10.000 CDN$ al mes más impuestos. Actualmente, Oak Hill no posee valores ni derechos para adquirir intereses en Clip.
클립 머니 (TSX-V: CLIP)는 오크 힐 파이낸셜과 투자자 관계 서비스에 대한 새로운 자문 서비스 계약을 발표했습니다. 토론토에 본사를 둔 오크 힐은 클립이 투자자 아웃리치, 참여, 신규 투자자 식별 및 마케팅 노력을 지원합니다. 초기 1개월 계약은 2024년 11월 7일에 시작되며, 클립의 재량에 따라 매월 갱신됩니다. 서비스 요금은 10,000 CDN$에 세금 별도입니다. 현재 오크 힐은 클립에 대한 유가증권 또는 권리를 보유하지 않고 있습니다.
Clip Money (TSX-V: CLIP) a annoncé un nouvel accord de services de conseil avec Oak Hill Financial pour des services de relations investisseurs. Oak Hill, basé à Toronto, aidera Clip dans ses efforts de communication avec les investisseurs, d'engagement, d'identification de nouveaux investisseurs et de marketing. Le contrat initial, d'une durée d'un mois, commence le 7 novembre 2024, avec des renouvellements mensuels à la discrétion de Clip. Les frais de service sont fixés à 10 000 $ CDN par mois, hors taxes. Actuellement, Oak Hill ne détient aucun titre ni droit d'acquérir des intérêts dans Clip.
Clip Money (TSX-V: CLIP) hat einen neuen Beratungsvertrag mit Oak Hill Financial für Investor Relations-Dienstleistungen angekündigt. Oak Hill, mit Sitz in Toronto, wird Clip bei der Ansprache und Einbindung von Investoren, der Identifizierung neuer Investoren und den Marketingbemühungen unterstützen. Der ursprüngliche Vertrag über einen Monat beginnt am 7. November 2024 und kann nach Ermessen von Clip monatlich verlängert werden. Die Servicegebühr beträgt 10.000 CDN$ pro Monat zuzüglich Steuern. Derzeit hält Oak Hill keine Wertpapiere oder Rechte zur Erlangung von Interessen an Clip.
- Engagement of professional investor relations services to enhance market visibility
- Additional monthly expenses of CDN$10,000 plus taxes
TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that is has entered into an advisory services agreement with Oak Hill Financial Inc. (“Oak Hill”) for the purpose of facilitating certain investor relations services to be provided to the Company by Oak Hill.
Oak Hill is based in Toronto, Ontario and provides comprehensive investor relations services to public and private companies across a variety of different sectors. Oak Hill will be assisting the Company with investor outreach and engagement, ongoing identification of new investors, and general marketing efforts. The initial term of the agreement will be one month commencing on November 7, 2024, and will be renewable for subsequent one-month periods at the Company’s discretion.
Oak Hill is an arms-length party to the Company and does not currently hold any interest in the securities of the Company (either directly or indirectly) nor does it hold any rights or options to acquire such an interest. In consideration of the investor relations services provided by Oak Hill, the Company shall make a monthly payment to Oak Hill in the amount of CDN
Forward‐Looking Statements
This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company's business.
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
About Clip Money Inc.
Clip operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box located near them. After being deposited, the funds will automatically be credited to the business’ bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit www.clipmoney.com.
For further information, please contact:
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
FAQ
What is the cost of Clip Money's (CLPMF) advisory agreement with Oak Hill Financial?
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