INEO Tech (TSX.V: INEO), the developer of The Welcoming System for retailers, recently announced that it has engaged Angad Capital Inc. to deliver investor relations services, corporate strategy and capital markets advisory, subject to approval by the TSX Venture Exchange. In relation to the engagement, Angad was awarded a consulting agreement for an initial term of one year beginning March 1, 2020, for a monthly fee of C$10,000. INEO also granted Angad options to purchase 500,000 common shares in the capital of the company at a price of $0.26 each, in accordance with the company’s Stock Option Plan. The options will vest in accordance with the provisions therein the stock option plan and the policies of the TSX Venture Exchange. Angad previously directly owns 1,213,020 shares of INEO. In addition, INEO announced that the Board of Directors has authorized the grant of incentive stock options to directors, officers and employees of the company. Options to purchase a total of 1,900,000 common shares at an exercise price of $0.26 each have been granted to directors and officers of the company.
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About INEO Tech Corp.
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., provides retailers with The Welcoming System, a patented in-store and online advertising platform that enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft. The Welcoming System is a revolutionary cloud-based digital advertising and data analytics system, which sends customized advertising to digital screens integrated with theft detection sensor gates at the entrance of retail stores. INEO is publicly traded on the TSX-Venture Exchange under the symbol “INEO-V”. INEO Solutions Inc. is a registered trademark of INEO Tech Corp. For more information, visit the company’s website at www.ineosolutionsinc.com.
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