TORONTO, Oct. 16, 2019 /CNW/ - Freckle Ltd. (TSXV:
FRKL) ("Freckle" or the "Company"), a leader in
privacy-compliant data and offline attribution, is pleased to
announce that it has appointed Andrew
Elinesky, CPA, CGA and FCCA (UK) ("Mr. Elinesky"), as
Chief Financial Officer (CFO) of the Company. Mr. Elinesky has over
20 years of experience in the finance industry. Prior to joining
the Company, Mr. Elinesky served as Chief Financial Officer and
Senior Vice-President of McEwen Mining Inc., where he was
instrumental in raising over $150
million in numerous financings and played an integral role
in the company's M&A activities. Mr. Elinesky received a
Bachelor of Science degree in Applied Accounting from Oxford Brookes University.
Mr. Elinesky will replace Sean
Homuth ("Mr. Homuth") Freckle's current fractional
CFO immediately. The Board of Directors would like to thank Mr.
Homuth for his service to the Company and wishes him well in his
future endeavours.
Pursuant to the Company's stock option plan (the "SOP"),
Mr. Elinesky will be granted 1,000,000 incentive stock options at
an exercise price of $0.20, which
will vest in three equal installments commencing on the first year
anniversary of his appointment. Such options are exercisable for a
period of five years from the date of grant. The option grant is
subject to the terms of the SOP and the requirements of the TSX
Venture Exchange (the "TSXV").
Freckle Retains Market Making Services
In addition to Mr. Elinesky's appointment as CFO, Freckle has
retained T2W Market Liquidity Inc. ("T2W") on a month to
month basis to provide capital market-making services in accordance
with TSXV policies and other applicable laws. T2W is a Dundas based company which has been providing
market liquidity services to listed issuers since 2009.
Harold Hoff, the principal of T2W,
has over 10 years of experience as a pro trader and designated
market maker for a major bank owned investment dealer.
Pursuant to the terms of the agreement (the "Agreement")
T2W will receive cash compensation of $3,500 per month. Freckle and T2W act at arm's
length and T2W has no present interest, directly or indirectly, in
Freckle or its securities. The capital and securities required for
any trade undertaken by T2W will be provided by T2W. The Agreement
remains subject to the approval of the TSXV.
About Freckle
Freckle, the global leader in offline attribution and data
privacy, helps leading brands and platforms measure the
effectiveness of their advertising by independently matching media
spend to in-store visitation while remaining media agnostic.
Freckle's technology is used by Fortune 500 brands like McDonald's,
Lexus, Walmart, Verizon and AT&T, and is a core component of
the top demand-side platforms (DSPs), data management platforms
(DMPs) and social platforms used around the world.
In addition to its core business, Freckle developed a mobile
application called "Killi" that allows consumers to take back
control of their digital identity from those who have been using it
without their consent. With Killi, consumers can opt-in and select
specific pieces of personal information that they would like to
share with brands and platforms in exchange for cash compensation.
Due to its one-to-one direct relationship with the consumer,
KIlli's data is the most privacy compliant, highest fidelity data
source in the industry.
For more information, please visit freckleiot.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 adequacy or
accuracy of this news release.
DISCLAIMER FOR FORWARD-LOOKING INFORMATION
Certain statements in this press release are forward-looking
statements and are prospective in nature. Forward-looking
statements are not based on historical facts, but rather on current
expectations and projections about future events, and are therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied
by the forward-looking statements, including: the receipt of all
necessary regulatory approvals, capital expenditures and other
costs, and financing and additional capital requirements. These
statements generally can be identified by the use of
forward-looking words such as "may", "should", "will", "could",
"intend", "estimate", "plan", "anticipate", "expect", "believe'' or
"continue", or the negative thereof or similar variations.
Forward-looking statements in this news release include statements
regarding the success of the partnership between Influential and
Killi. Although management of the Corporation has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. The Corporation assumed
no obligation to update any forward-looking statements or
forward-looking information that are incorporated by reference
herein, except as required by applicable securities laws.
The securities of the Corporation have not been and will not
be registered under the United States Securities Act of 1933, as
amended and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirement. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
SOURCE Freckle Ltd.