Safe Supply Streaming Co. Ltd. Announces the Appointment of Tony Clement to Board of Directors, and Provides Corporate Update
Safe Supply Streaming Co (OTCQB: SSPLF) has announced significant board changes, with Tony Clement joining as a director and audit committee chair. Clement brings extensive experience from his roles as former Health Minister, Industry Minister, and Treasury Board President in Prime Minister Harper's Cabinet (2006-2015).
The company also reported the resignation of board members Najla Guthrie and Dr. James Obaji. Additionally, Safe Supply has granted 16.5 million stock options to directors, officers, and consultants, exercisable at $0.075 per share over five years, with vesting in equal installments over 36 months.
The company has also announced plans for a non-brokered private placement to raise working capital.
Safe Supply Streaming Co (OTCQB: SSPLF) ha annunciato importanti cambiamenti nel consiglio di amministrazione, con Tony Clement che entra come direttore e presidente del comitato di audit. Clement porta con sé una vasta esperienza dai suoi ruoli come ex Ministro della Salute, Ministro dell'Industria e Presidente del Consiglio del Tesoro nel governo del Primo Ministro Harper (2006-2015).
La società ha anche comunicato le dimissioni dei membri del consiglio Najla Guthrie e Dr. James Obaji. Inoltre, Safe Supply ha concesso 16,5 milioni di opzioni su azioni a direttori, funzionari e consulenti, esercitabili a $0,075 per azione nell'arco di cinque anni, con maturazione in rate uguali su 36 mesi.
La società ha anche annunciato piani per un collocamento privato non mediato per raccogliere capitale di lavoro.
Safe Supply Streaming Co (OTCQB: SSPLF) ha anunciado cambios significativos en su junta directiva, con Tony Clement uniéndose como director y presidente del comité de auditoría. Clement aporta una amplia experiencia de sus roles como ex Ministro de Salud, Ministro de Industria y Presidente de la Junta del Tesoro en el gabinete del Primer Ministro Harper (2006-2015).
La empresa también informó la renuncia de los miembros de la junta Najla Guthrie y Dr. James Obaji. Además, Safe Supply ha otorgado 16,5 millones de opciones sobre acciones a directores, funcionarios y consultores, que se pueden ejercer a $0,075 por acción durante cinco años, con un periodo de adquisición en cuotas iguales durante 36 meses.
La compañía también ha anunciado planes para una colocación privada no mediada para recaudar capital de trabajo.
Safe Supply Streaming Co (OTCQB: SSPLF)는 Tony Clement가 이사 및 감사위원회 의장으로 합류하면서 이사회에 중대한 변화를 발표했습니다. Clement는 하퍼 총리 내각(2006-2015)에서 전 보건부 장관, 산업부 장관 및 재무부 의장으로서의 역할을 통해 풍부한 경험을 제공합니다.
회사는 또한 Najla Guthrie 및 Dr. James Obaji 이사의 사임을 보고했습니다. 또한 Safe Supply는 이사, 임원 및 컨설턴트에게 1650만 주식 옵션을 부여했으며, 이는 5년 동안 주당 $0.075에 행사할 수 있으며, 36개월에 걸쳐 동일한 비율로 분할됩니다.
회사는 또한 운영 자본을 확보하기 위한 비중개 사모펀드 계획을 발표했습니다.
Safe Supply Streaming Co (OTCQB: SSPLF) a annoncé des changements significatifs au sein de son conseil d'administration, avec Tony Clement qui rejoint en tant que directeur et président du comité d'audit. Clement apporte une vaste expérience de ses rôles en tant qu'ancien ministre de la Santé, ministre de l'Industrie et président du Conseil du Trésor dans le cabinet du Premier ministre Harper (2006-2015).
La société a également signalé la démission des membres du conseil Najla Guthrie et Dr. James Obaji. De plus, Safe Supply a accordé 16,5 millions d'options d'actions à des directeurs, des dirigeants et des consultants, exerçables à $0,075 par action sur une période de cinq ans, avec une acquisition échelonnée sur 36 mois.
La société a également annoncé des plans pour un placement privé non médié par un courtier afin de lever des fonds de roulement.
Safe Supply Streaming Co (OTCQB: SSPLF) hat bedeutende Änderungen im Vorstand angekündigt, wobei Tony Clement als Direktor und Vorsitzender des Prüfungsausschusses beigetreten ist. Clement bringt umfangreiche Erfahrungen aus seinen Rollen als ehemaliger Gesundheitsminister, Wirtschaftsminister und Präsident des Schatzamtes im Kabinett von Premierminister Harper (2006-2015) mit.
Das Unternehmen berichtete auch über den Rücktritt der Vorstandsmitglieder Najla Guthrie und Dr. James Obaji. Darüber hinaus hat Safe Supply 16,5 Millionen Aktienoptionen an Direktoren, Führungskräfte und Berater gewährt, die über fünf Jahre zu einem Preis von $0,075 pro Aktie ausgeübt werden können, mit einer Vesting-Periode in gleichen Raten über 36 Monate.
Das Unternehmen hat außerdem Pläne für eine nicht vermittelte Privatplatzierung zur Beschaffung von Betriebskapital angekündigt.
- Appointment of high-profile director Tony Clement with extensive government and healthcare experience
- Strategic strengthening of audit committee leadership
- Departure of two board members
- Potential dilution from 16.5M stock options grant
- Additional dilution expected from planned private placement
Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - Safe Supply Streaming Co. Ltd. (CSE: SPLY) (FSE: QM4) (OTCQB: SSPLF) ("Safe Supply" or the "Company") is pleased to announce the appointment of Tony Clement to its board of directors, and as the chair of the Company's audit committee.
Tony Clement has had a distinguished career in politics, law, and business. He served in senior roles in Prime Minister Harper's Cabinet from 2006 to 2015 as a Health Minister, Industry Minister, and President of the Treasury Board, leading cost reductions and negotiating a crucial deal with Chrysler and GM to save the domestic auto sector. Tony was also a Member of Parliament from 2006 to 2019. Before federal politics, he served in the Ontario cabinets of Premiers Mike Harris and Ernie Eves in various leadership roles, including frontline Health Minister during the 2003 SARS outbreak. In business, he leads IT startups, serves on IT and healthcare boards, and provides strategic advice internationally, maintaining strong connections globally. As a trained lawyer, he offers insights from legal, geopolitical, and financial perspectives.
Tony Clement commented, "I'm honoured to join the Board of Directors and take on the role of Audit Committee Chair at Safe Supply during this transformative time for the Company. Throughout my career in public service and the private sector, I've seen firsthand the importance of innovation in addressing complex societal issues - and Safe Supply is leading the way with a bold and compassionate approach to harm reduction and healthcare technology. I believe the Company is uniquely positioned to make a meaningful impact in the lives of individuals and communities, and I'm eager to contribute my experience in health, governance, and strategic leadership to support its mission and long-term growth."
The Company also announces that Najla Guthrie and Dr. James Obaji have resigned from the board directors, and wishes them the best of luck in their future endeavors.
Stock Option Grant
The Company also announces that it has granted 16,500,000 stock options pursuant to its stock option plan (the "Plan") to its directors, officers and consultants, to purchase common shares in the capital of the company (the "Options"). The Options will be exercisable at a price of
Private Placement
The Company also announces its intention to complete a non-brokered private placement of units, with the proceeds to be used for general and working capital purposes.
About Safe Supply Streaming
Safe Supply, a publicly traded company that is listed on the Canadian Securities Exchange, is focused on the acquisition, investment, and development of businesses within the medical, wellness, and technology sectors. The Company aims to drive sustainable growth and shareholder value by leveraging innovative, technology-driven solutions that address critical needs in healthcare and wellness. The Company's wholly-owned subsidiary Safe Supply Streaming Co Ltd. ("Safety Strips") specializes in the development and commercialization of harm reduction products, including test strips for detecting illicit substances in drugs and alcohol. With a mission to reduce harm and enhance safety in communities, Safety Strips has developed a range of products aimed at preventing drug-related fatalities and supporting wellness.
For additional information please contact:
Bill Panagiotakopoulos
Chief Executive Officer and Director
Email: info@safesupply.com
Website: www.safesupply.com
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246308
FAQ
What experience does Tony Clement bring to Safe Supply Streaming (SSPLF)?
How many stock options did SSPLF grant and at what price?
What board changes were announced at Safe Supply Streaming (SSPLF)?
What is the vesting schedule for SSPLF's new stock options?
