SponsorsOne announced today that it has engaged Investor Cubed Inc. to provide investor relations and shareholder communications services. Investor Cubed will be focused on increasing investor awareness while introducing SponsorsOne to its network of investment advisors, investment dealers, institutions and other financial professionals.
In connection with the engagement, Investor Cubed has entered into a management services agreement with the Company pursuant to which the Company agrees to pay Investor Cubed a fee of $5,000 per month for a term of twelve months in consideration for the performance of the investor relations services. In addition, the Company has granted Investor Cubed options to purchase 100,000 common shares of SponsorsOne at a purchase price of $0.87 per share. The options to purchase shares will vest on a quarterly basis and will be governed by the provisions of the Company’s stock option plan and policies of the Canadian Securities Exchange.
Neil Simon, Investor Cubed’s CEO comments: “We are excited to be working with SponsorsOne as they represent a unique opportunity for investors in the small cap sector. We see SponsorsOne revolutionizing the rapidly growing digital marketing industry and changing the way global brands manage their digital marketing campaigns as they embrace the Company’s proprietary sponsorship currency and SponsorsCloud platform”.
Gary Bartholomew, SponsorsOne’s Executive Chairman, comments: “Our management team is committed to raising market awareness for SponsorsOne. The appointment of Investor Cubed brings an experienced investor relations group with broad industry contacts to our team. Having Investor Cubed’s assistance in communicating SponsorsOne’s message to the public markets will be helpful to keep our current stakeholders informed of our progress and attract new investors to become stakeholders.”