Yangaroo Announces Reinstatement to Trading on the TSX Venture Exchange, Appointment of CFO and Grant of Restricted Share Units
Yangaroo Inc. (TSXV: YOO) (OTC Pink: YOOIF), a software leader in media asset workflow and distribution solutions, has announced two significant developments. Firstly, the TSX Venture Exchange has accepted the company's application for reinstatement to trading, with shares set to resume trading on July 23, 2024. Secondly, Frank Guo has been appointed as Chief Financial Officer (CFO), replacing Grant Schuetrumpf who will continue as CEO.
Mr. Guo, previously Yangaroo's CFO and Financial Advisor, brings extensive financial leadership experience to support the company's growth initiatives. In connection with his appointment, Yangaroo has granted Guo 500,000 restricted share units (RSUs), vesting on July 22, 2026. These developments are part of Yangaroo's strategic efforts to strengthen its financial management and enhance shareholder value.
Yangaroo Inc. (TSXV: YOO) (OTC Pink: YOOIF), un leader nel software per il flusso di lavoro e le soluzioni di distribuzione di beni multimediali, ha annunciato due sviluppi significativi. In primo luogo, la Borsa di Toronto Venture ha accettato la richiesta dell'azienda per il ripristino della contrattazione, con le azioni che riprenderanno il trading il 23 luglio 2024. In secondo luogo, Frank Guo è stato nominato Chief Financial Officer (CFO), sostituendo Grant Schuetrumpf che continuerà nel ruolo di CEO.
Il signor Guo, precedentemente CFO e consulente finanziario di Yangaroo, porta una vasta esperienza nella leadership finanziaria per supportare le iniziative di crescita dell'azienda. In connessione con la sua nomina, Yangaroo ha conferito a Guo 500.000 unità azionarie riservate (RSUs), che matureranno il 22 luglio 2026. Questi sviluppi fanno parte degli sforzi strategici di Yangaroo per rafforzare la sua gestione finanziaria e aumentare il valore per gli azionisti.
Yangaroo Inc. (TSXV: YOO) (OTC Pink: YOOIF), un líder en software para el flujo de trabajo y soluciones de distribución de activos de medios, ha anunciado dos desarrollos importantes. En primer lugar, la Bolsa de Valores de Toronto Venture ha aceptado la solicitud de la empresa para la reanudación de la negociación, con las acciones programadas para reanudar el comercio el 23 de julio de 2024. En segundo lugar, Frank Guo ha sido nombrado Director Financiero (CFO), reemplazando a Grant Schuetrumpf, quien continuará como CEO.
El Sr. Guo, anteriormente CFO y Asesor Financiero de Yangaroo, aporta una amplia experiencia en liderazgo financiero para apoyar las iniciativas de crecimiento de la empresa. En relación con su nombramiento, Yangaroo ha otorgado a Guo 500,000 unidades de acciones restringidas (RSUs), que se liberarán el 22 de julio de 2026. Estos desarrollos son parte de los esfuerzos estratégicos de Yangaroo para fortalecer su gestión financiera y mejorar el valor para los accionistas.
양가루 주식회사 (TSXV: YOO) (OTC Pink: YOOIF), 미디어 자산 워크플로우 및 배포 솔루션의 소프트웨어 분야의 선도 기업, 두 가지 중요한 발전을 발표했습니다. 첫째, 토론토 벤처 증권거래소가 회사의 거래 재개 신청을 수락했습니다. 주식은 2024년 7월 23일부터 다시 거래를 시작할 예정입니다. 둘째, 프랭크 궈가 최고재무책임자(CFO)로 임명되었습니다, 그는 CEO로 계속 활동할 그랜트 슈투트럼프의 후임입니다.
궈 씨는 이전에 양가루의 CFO이자 재무 자문가로 활동했으며, 회사의 성장 이니셔티브를 지원하기 위해 광범위한 재무 리더십 경험을 가지고 있습니다. 그의 임명에 따라 양가루는 궈에게 500,000개의 제한 주식 단위(RSU)를 부여했으며, 이는 2026년 7월 22일에 만기됩니다. 이러한 발전은 양가루가 재무 관리를 강화하고 주주 가치를 향상시키기 위한 전략적 노력의 일환입니다.
Yangaroo Inc. (TSXV: YOO) (OTC Pink: YOOIF), un leader en solutions logicielles pour les flux de travail et la distribution d'actifs médias, a annoncé deux développements majeurs. Tout d'abord, la Bourse de Toronto Venture a accepté la demande de l'entreprise pour la réintégration au commerce, avec des actions qui devraient reprendre le 23 juillet 2024. Deuxièmement, Frank Guo a été nommé Directeur Financier (CFO), remplaçant Grant Schuetrumpf qui continuera en tant que PDG.
M. Guo, qui était auparavant CFO et conseiller financier de Yangaroo, apporte une vaste expérience en leadership financier pour soutenir les initiatives de croissance de l'entreprise. En lien avec sa nomination, Yangaroo a accordé à Guo 500 000 unités d'actions restreintes (RSUs), qui seront acquises le 22 juillet 2026. Ces développements font partie des efforts stratégiques de Yangaroo pour renforcer sa gestion financière et améliorer la valeur pour les actionnaires.
Yangaroo Inc. (TSXV: YOO) (OTC Pink: YOOIF), ein führendes Softwareunternehmen im Bereich Medienasset-Workflow und Verteilungslösungen, hat zwei bedeutende Entwicklungen angekündigt. Zunächst hat die Toronto Venture Exchange den Antrag des Unternehmens auf Wiederaufnahme des Handels akzeptiert, und die Aktien werden am 23. Juli 2024 wieder gehandelt. Zweitens wurde Frank Guo zum Chief Financial Officer (CFO) ernannt, er ersetzt Grant Schuetrumpf, der weiterhin als CEO tätig sein wird.
Herr Guo, der zuvor CFO und Finanzberater von Yangaroo war, bringt umfassende Erfahrung in der finanziellen Führung mit, um die Wachstumsinitiativen des Unternehmens zu unterstützen. In Verbindung mit seiner Ernennung hat Yangaroo Guo 500.000 eingeschränkte Aktieneinheiten (RSUs) gewährt, die am 22. Juli 2026 fällig werden. Diese Entwicklungen sind Teil von Yangaroos strategischen Bemühungen, das Finanzmanagement zu stärken und den Aktionärswert zu steigern.
- Reinstatement to trading on TSX Venture Exchange, potentially improving liquidity and investor access
- Appointment of experienced CFO Frank Guo, strengthening financial leadership
- CEO Grant Schuetrumpf focusing solely on executive leadership, potentially improving operational efficiency
- Granting of 500,000 RSUs to new CFO, potentially diluting existing shareholders upon vesting
Toronto, Ontario--(Newsfile Corp. - July 22, 2024) - YANGAROO Inc. (TSXV: YOO) (OTC Pink: YOOIF), ("Yangaroo", "Company"), a software leader in media asset workflow and distribution solutions, is pleased to announce the acceptance by the TSX Venture Exchange (the "Exchange") of its application for reinstatement to trading of its common shares, as well as the appointment of Frank Guo as Chief Financial Officer (CFO).
Reinstatement to Trading
Further to the Company's news releases dated June 28th and July 19th, 2024, the Exchange has accepted the Company's application for reinstatement to trading of the Company's common shares, which will resume trading on July 23, 2024.
CFO Appointment
Frank Guo, who was formerly Yangaroo's Chief Financial Officer and currently serves as Yangaroo's Financial Advisor, brings a wealth of experience and a proven track record in financial leadership to the role. His appointment comes as part of Yangaroo's strategic efforts to strengthen its financial management and support the Company's growth initiatives.
Grant Schuetrumpf, who has been serving as interim CFO, has resigned from the interim Chief Financial Role and continues to lead Yangaroo as Chief Executive Officer.
Mr. Schuetrumpf commented: "We are delighted that Frank has been reinstated as CFO. Frank's financial expertise has proven to be invaluable as we continue to drive our strategic objectives and enhance shareholder value. His leadership will be instrumental in navigating the Company through its next phase of growth."
Mr. Guo expressed his enthusiasm about rejoining Yangaroo as Chief Financial Officer: "I am excited to be reinstated as CFO at Yangaroo and work with the talented team here. I look forward to contributing to the Company's success and supporting our financial and operational goals."
The Company has granted 500,000 restricted share units (each an "RSU", collectively the "RSUs") to Mr. Guo in accordance with the terms and conditions of the Company's Omnibus Incentive Plan (the "Plan"). The RSUs vest
Yangaroo remains focused on its long-term strategy and growth objectives. The Company is committed to leveraging its industry-leading technology and innovative solutions to deliver exceptional value to its clients and stakeholders.
About YANGAROO
Yangaroo is a technology provider in the media and entertainment industry, offering a cloud-based software platform for the management and distribution of digital media content. Yangaroo's Digital Media Distribution System ("DMDS") platform is a patented cloud-based platform that provides customers with a centralised and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralised digital asset management, delivery and promotion. DMDS is used across the advertising, music, and entertainment awards show markets.
YANGAROO Inc. is a publicly listed company incorporated on July 28, 1999 under the laws of Ontario as Musicrypt.com Inc. and changed to its present name on July 17, 2007. YANGAROO trades on the TSX Venture Exchange ("TSX-V") under the symbol YOO and in the U.S. under OTCPK: YOOIF.
The address of the Company's corporate office and principal place of business is 360 Dufferin Street, Suite 203, Toronto, Ontario, M6K 3G1.
# # #
For YANGAROO Investor Inquiries:
Grant Schuetrumpf
Ph: (416) 534 0607
investors@yangaroo.com
Neither the 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 accuracy of this release.
Cautionary Note Regarding Forward-looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements. Yangaroo is making forward-looking statements with respect to: the role of CFO; the terms of the RSUs and remaining RSUs available for grant; and the date for reinstatement to trading of the Company's common shares.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217283
FAQ
When will Yangaroo (YOOIF) resume trading on the TSX Venture Exchange?
Who has been appointed as the new CFO of Yangaroo (YOOIF)?
How many restricted share units (RSUs) were granted to Yangaroo's new CFO?
What is Yangaroo's (YOOIF) primary business focus?
