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(Globe Newswire) Vancouver — EnWave Corporation has engaged SagePoint Capital Partners Inc. to provide strategic capital markets and corporate development advisory services for the company. SagePoint will provide EnWave with a comprehensive capital markets plan to expand its profile with high-net worth and institutional investors.
EnWave is to remunerate SagePoint at the rate of CAD$13,333 per month and the service agreement is subject to termination upon thirty days-notice by either party after the first three months of service.
Additionally, the company has granted SagePoint an aggregate of 250,000 incentive stock options. The grant of options is subject to the terms of the company’s stock option plan, exercisable at a price of $0.31. The options are exercisable for a term of five years and will vest quarterly over the next twelve months in accordance with the provisions set out in the plan, or as otherwise required by the TSX Venture Index. The grant of the options is subject to approval by the TSXV.
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