WINNIPEG, February 18, 2016 – Empire Industries Ltd. (TSX-V: EIL) today announced that it has engaged Oak Hill Advisors Inc. to provide investor relations services. The objective of the services is to assist Empire in developing and executing a comprehensive corporate communications strategy, informing market participants regarding Empire’s business results, growth strategy, strategic transactions, and new contracts as they arise. The program is expected to last for an initial term of 6 months, renewing for successive 6 month terms unless terminated by either party. It is expected to cost approximately $6,000 per month. Oak Hill Advisors shall be awarded 100,000 stock options with an exercise price of $0.08, with a term of 5 years, vesting 25% quarterly over the first 12 months. Other than this, Oak Hill Advisors has no interest in Empire securities and has no right or intent to acquire such an interest. The engagement and the stock option issue are both subject to regulatory approval.
July 21, 2023
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