TORONTO, Dec. 20, 2021 /CNW/ - Lingo Media
Corporation (TSXV: LM) (OTCQB: LMDCF) (FSE: LIMA) ("Lingo Media" or the
"Company"), an EdTech company that is 'Building a
multilingual world' through innovative online technology and
solutions announces that its board of directors has approved the
grant of 2,740,000 incentive stock options ("Options") to directors
and employees of the Company of which 1,490,000 option are granted
to the officers and directors. The Options will have an exercise
price of $0.06 per share and will
vest quarterly over 18 months. The Options will have a 5-year term
from the date of the grant.
About Lingo Media (TSX-V: LM; OTCQB: LMDCF)
Lingo Media is a global EdTech company that is 'Building a
multilingual world', developing and marketing products for learners
of new languages through various life stages, from classroom to
boardroom. By integrating education and technology, the company
empowers language educators to easily transition from traditional
teaching methods to digital learning.
Lingo Media provides both online and print-based solutions
through two distinct business units: ELL Technologies Ltd.,
d/b/a Everybody Loves Languages and Lingo Learning Inc.
Everybody Loves Languages provides online training and
assessment for language learning, while Lingo Learning is a
print-based publisher of English language
learning programs in China.
Lingo Media has established successful relationships with key
government and industry organizations internationally, with a
presence in Latin America,
China and the U.S., and continues
to both extend its global reach and expand its product
offerings.
Follow Lingo Media
On:
Facebook: https://www.facebook.com/LingoMedia
Twitter: @LingoMediaCorp
YouTube: https://www.youtube.com/lingomedialm
LinkedIn:
https://www.linkedin.com/company/lingo-media-corporation
RSS:
http://feeds.feedburner.com/LingoMedia
Portions of this press release may include "forward-looking
statements" within the meaning of securities
laws. These statements are made in reliance
upon Sections 21E and 27A of the Securities Exchange Act of 1934,
which involve known and unknown risks, uncertainties or other
factors that could cause actual results to differ materially from
the results, performance, or expectations implied by these
forward-looking statements. These statements are based on
management's current expectations and involve certain risks and
uncertainties. Actual results may vary materially from
management's expectations and projections and thus readers should
not place undue reliance on forward-looking
statements. Lingo Media has tried to identify these
forward-looking statements by using words such as "may," "should,"
"expect," "hope," "anticipate," "believe," "intend," "plan,"
"estimate" and similar expressions. Lingo Media's expectations,
among other things, are dependent upon general economic conditions,
the continued and growth in demand for its products, retention of
its key management and operating personnel, its need for and
availability of additional capital as well as other uncontrollable
or unknown factors. No assurance can be given that the
actual results will be consistent with the
forward-looking statements. Except as otherwise required by US
Federal securities laws, Lingo Media undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events, changed
circumstances or any other reason. Certain
factors that can affect the Company's ability to achieve
projected results are described in the Company's filings with the
Canadian and United States
securities regulators available on www.sedar.com or
www.sec.gov/edgar.shtml.
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 RELEASE
SOURCE Lingo Media Corporation
