Serenic Renews Investor Relations Services Agreement With and Grants Stock Options to Cantech Communications
01 Décembre 2011 - 1:17AM
Marketwired
Serenic Corporation (the "Corporation" or "Serenic") (TSX
VENTURE:SER), an international software developer specializing in
integrated financial management and HCM solutions for
not-for-profit organizations, government agencies, and Microsoft
Dynamics NAV users announced today the continued engagement of
Cantech Communications ("Cantech") to provide investor relation and
corporate communication services for the Corporation. Serenic has
also granted stock options to Cantech.
Based in Vancouver, Cantech specializes in assisting private and
public Canadian companies with an array of services, such as
corporate communications, professional management services, tax
credit applications, and grant proposal assistance. During the
12-month term of the agreement, Cantech will be compensated with a
monthly retainer fee of $3,600 (three thousand six hundred dollars)
and 50,000 (fifty thousand) options to purchase Serenic shares. As
authorized by the Board of Directors of the Corporation, the
options have an exercise price of $0.35, shall vest as to
one-fourth on each of February 23, 2012, May 23, 2012, August 23,
2012 and November 23, 2012. Options shall expire on November 23,
2013 if not exercised by Cantech, and shares acquired on exercise
shall be subject to a 4 month hold period. Pursuant to the terms of
the agreement, either party may terminate the agreement or
alternatively change the scope of services to be provided by
Cantech upon 30 days advance notice, while also adjusting
compensation terms to reflect the revised scope of services. In the
event the agreement is terminated prior to November 23, 2013,
unexercised options which have vested shall expire 30 days after
the agreement has been terminated. The stock options issued are in
accordance with policies of the Corporation's stock option plan and
the TSX Venture Exchange.
Serenic Corporation publishes mission-critical software products
for not-for-profits (NFP), educational institutions and
governments. The Company's products are based on leading
application and technology platforms from Microsoft, including
Dynamics NAV, SQL Server, and .NET, and are distributed in North
America and internationally through value-added resellers and a
direct sales organization. Serenic Corporation is the exclusive
developer of human resource management and payroll products for
Microsoft Dynamics NAV ERP users in North America. Serenic has
offices in Edmonton, Alberta and Denver, Colorado and staff located
throughout the USA and Europe.
ON BEHALF OF THE BOARD OF DIRECTORS
Dwayne Kushniruk, Chairman
Forward-Looking Statements
Certain statements contained in this press release, including
statements which may contain words such as "could", "should",
"expect", "anticipate", "believe", "will", and similar expressions
and statements relating to matters that are not historical facts,
are forward looking statements. Such forward looking statements
involve known and unknown risks and uncertainties which may cause
the actual results, performances or achievements of Serenic
Corporation to be materially different from any future results,
performances or achievements expressed or implied by such forward
looking statements. Such factors include, but are not limited to,
software industry risks, general business risks, foreign currency
risks, economic dependence risks, and credit risks.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Serenic Corporation Dwayne Kushniruk Chairman
1-877-426-5385 x509dkushniruk@serenic.com Serenic Corporation Paul
Johnston CFO 1-877-426-5385 x509pjohnston@serenic.com Investor
Relations: Cantech Communications Nick Waddell (778) 340-6558 Toll
free from within Canada (888)
505-7823ir@serenic.comwww.cantechcommunications.com
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