TORONTO, Aug. 31,
2023 /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM)
("EMERGE" or the "Company"), a diversified
acquirer and operator of niche e-commerce brands, today announced
the granting of restricted share units (the "RSUs") pursuant
to the Company's omnibus equity incentive plan.
A total of 5,190,916 RSUs were granted to directors, officers,
employees and consultants of the Company. The RSUs have a one-year
vesting schedule and were issued with an effective price of between
$0.065 and $0.20 per share. Each vested RSU entitles the
holder to receive one common share of the Company.
The directors of the Company have agreed to suspend their cash
retainer and accept compensation in the form of RSUs.
About EMERGE
EMERGE is a diversified acquirer and operator of quality niche
e-commerce brands in Canada and
the U.S. Our subscription and marketplace e-commerce properties
provide our members with access to offerings across our pets,
premium meat/grocery, and golf verticals. EMERGE was named one of
Canada's Top Growing Companies by
Globe and Mail in 2022 (and 2020), and one of the fastest growing
companies in Canada by the Startup
50 in 2020.
To learn more visit https://www.emerge-commerce.com/
Follow EMERGE
LinkedIn | Twitter | Instagram | Facebook
Cautionary notice
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Notice regarding forward-looking statements
This press release may contain certain forward-looking
information and statements ("forward-looking information") within
the meaning of applicable Canadian securities legislation, that are
not based on historical fact, including without limitation
statements containing the words "believes", "anticipates", "plans",
"intends", "will", "should", "expects", "continue", "estimate",
"forecasts" and other similar expressions. Readers are cautioned to
not place undue reliance on forward-looking information.
Actual results and developments may differ materially from those
contemplated by these statements. The Company undertakes no
obligation to comment on analyses, expectations or statements made
by third-parties in respect of the Company, its securities, or
financial or operating results (as applicable). Although the
Company believes that the expectations reflected in forward-looking
information in this press release are reasonable, such
forward-looking information has been based on expectations, factors
and assumptions concerning future events which may prove to be
inaccurate and are subject to numerous risks and uncertainties,
certain of which are beyond the Company's control, including the
risk factors discussed in the Company's MD&A, Prospectus
Supplement and Annual Information Form and are available through
SEDAR at www.sedar.com. The forward-looking information
contained in this press release are expressly qualified by this
cautionary statement and are made as of the date hereof. The
Company disclaims any intention and has no obligation or
responsibility, except as required by law, to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
On Behalf of the Board
Ghassan Halazon
Director, President and CEO
SOURCE EMERGE Commerce Ltd.