Voxtur Analytics Announces Grant of Stock Options and Engagement of IR Service Provider

Rhea-AI Summary

Voxtur Analytics Corp. (VXTRF) announced the grant of 1,750,000 stock options to its non-management Directors, with an exercise price of $0.80, expiring in five years. Vesting occurs quarterly. Additionally, Voxtur has engaged Venture North Capital Inc. for investor relations, paying CAD $7,500 plus options for 360,000 common shares at CAD $1.00. Options will vest in stages and expire after 30 days from termination or within five years. This engagement is pending TSXV approval.

Positive

• Grant of 1,750,000 stock options to Directors, promoting alignment with shareholder interests.
• Engagement of Venture North for strategic marketing and investor relations could enhance market visibility.

Negative

• Stock options issued may dilute existing shareholders' equity if exercised.
• Engagement duration with Venture North is only three months, creating uncertainty in long-term investor relations.

TORONTO and TAMPA, Fla., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a technology company creating a more transparent and accessible real estate lending ecosystem, announced today that, in accordance with the Company's Stock Option Plan approved at the Annual and Special Meeting of Shareholders on June 10, 2021, and the Director Compensation Plan as outlined in the Company's Management Information Circular dated May 5, 2021, the Company granted a total of 1,750,000 stock options to non-management Directors. These options have an exercise price of $0.80 and will expire five years from the grant date if not exercised. Vesting of these stock options will be 25% per calendar quarter, in arrears. A complete copy of the Company's Stock Option Plan can be found as Exhibit A of the Company’s Management Information Circular dated May 5, 2021, a copy of which is available at www.sedar.com.

Voxtur also announced that it has retained Venture North Capital Inc. (“Venture North”) for strategic marketing, investor relations and capital markets communications services. Venture North will arrange and attend meetings with professional investors, maintain ongoing contact and broaden relationships with the professional investment community on Voxturs’s behalf.

The Company and Venture North have entered into a consulting agreement for an initial term of three months, after which it will continue on a monthly basis until terminated by either party. In consideration of its services, the Company will pay Venture North CAD $7,500 (plus HST) and has agreed to issue 360,000 options to purchase common shares in the capital of the Company (“Common Shares”), with an exercise price at CAD $1.00. Of the options issued to Venture North, 34% of the total number options shall vest immediately and an additional 33% of the total number of options will vest on each of October 1, 2021 and November 1, 2021. These options will expire on the earlier of (i) thirty days following the termination of the investor relations services agreement, and (ii) five years from the date of grant if not exercised. This engagement is subject to TSXV approval.  

Venture North is not related to the Company and, with the exception of the stock options noted above, has no interest, directly or indirectly, In the Company or its securities.

About Voxtur

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.

Voxtur’s common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

Neither 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.

Contact:

Jordan Ross
Chief Investment Officer
Tel: (416) 708-9764
jordan@voxtur.com

FAQ

What stock options did Voxtur grant to Directors?

Voxtur granted 1,750,000 stock options to non-management Directors with an exercise price of $0.80.

What is the purpose of Voxtur's engagement with Venture North?

Venture North will provide strategic marketing and investor relations services to Voxtur.

How many options were issued to Venture North and what is their exercise price?

Venture North was issued 360,000 options with an exercise price of CAD $1.00.

What is the ticker symbol for Voxtur in the US?

Voxtur trades on the OTCQB under the ticker symbol VXTRF.

When was the stock option plan approved?

The stock option plan was approved at the Annual and Special Meeting of Shareholders on June 10, 2021.