Kuuhubb Provides Corporate Update
September 21, 2017
Toronto, Canada – September 21, 2017
- Kuuhubb Inc. (“Kuuhubb
” or the “Company
”) (TSX-V: KUU) announces that it has granted to employees, directors and consultants of the Company, pursuant to the terms of the Company's stock option plan, a total of 2,300,000 stock options, each such stock option entitling the holder to purchase one common share of the Company at a price of Cdn$1.60 for a period of five years.
The Company also announces that it has engaged Venture North Capital Inc. ("Venture North") to provide strategic investor relations and shareholder communications services. Venture North is a full service capital markets consulting firm, headquartered in Toronto, Canada and has experience executing strategic investor relations outreach campaigns on behalf of TSX and TSX-V listed growth companies. Venture North will be focused on increasing investor awareness while introducing Kuuhubb to its network of investment advisors, investment dealers, institutions and other financial professionals.
The consulting agreement entered into by the Company with Venture North has an initial term of six months, after which it will continue on a monthly basis until terminated by either party. Under the terms of the engagement, Venture North will be paid Cdn$6,500 per month, and pursuant to the terms of the Company's stock option plan, shall be granted 175,000 stock options (these stock options are included in the 2,300,000 stock options referred to above). This engagement is subject to TSX-V approval.
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile video game applications. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential. Headquartered in Helsinki, Finland, the Company has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.
Neither 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.