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Toronto, Ontario--(Newsfile Corp. - January 29, 2021) - Lendified Holdings Inc. (TSXV: LHI) (formerly, Hampton Bay Capital Inc.) (the "Company" or "Lendified") is pleased to announce that the Company has agreed to enter into a two year employment agreement (the "Employment Agreement") with current CEO and director John Gillberry. Pursuant to the Employment Agreement, Mr. Gillberry's compensation will be solely security-based, whereby he will be issued five (5) million options of the Company in accordance with Lendified's stock option plan. The stock options vest immediately and may be exercised at a price of $0.05 per option for a period of 10 years from the date of the grant. This grant of options is subject to the approval of the TSX Venture Exchange.
Regarding the Employment Agreement, Mr. Gillberry stated, "I believe in the future of this Company and I am confident that I can deliver value to its shareholders."
Guy Charette, Chairman of the Board added, "Mr. Gillberry's willingness to accept a completely security-based compensation arrangement is evidence of his dedication and confidence in the Company's future. We are excited for the future of the Company under Mr. Gillberry's leadership."
ABOUT LENDIFIED HOLDINGS INC.
Lendified, a company located in Ontario, Canada, is a Canadian FinTech company operating a lending platform which provides working capital loans to small businesses across Canada through a wholly-owned subsidiary.
For further information regarding Lendified, please contact:
John Gillberry, Chief Executive Officer and Director
Neither the TSXVE nor its Regulation Services Provider (as that term is defined in the policies of the TSXVE) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including whether the effects of the COVID-19 pandemic will be even more severe than it has been to date, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industries in which the Company participates; others are more specific to the Company. The Company's ongoing quarterly filings should be consulted for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. Management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73227