Adcor News Release TORONTO, ON / ACCESSWIRE / February 4, 2021 /Adcore Inc. (the "Company" or "Adcore") (TSXV:ADCO)(FSE:ADQ), a leading provider of machine-learning ("ML" and "AI") powered advertising technologies used by digital agencies and advertisers to leverage digital marketing in an effortless and accessible way ("EffortlessAdvertising"), today announced that it has engaged Virtus Advisory Group ("Virtus") to assist enhancing the Company's exposure to the Canadian investment community.
"We are thrilled to be working alongside the Adcore team to educate the investment community about Adcore's unique and exciting product offerings," said Babak Pedram, President of Virtus Advisory Group. "We look forward to sharing the company's developments with our network of investors in Canada."
Omri Brill, CEO of Adcore, stated, "Since going public in Canada over 18 months ago, we have continued to expand our technolo gy offering and grow our client base around the world. We look forward to working with Virtus to facilitate investor introductions and further broaden our exposure within the Canadian investment community."
In connection with the engagement (the "Agreement"), Adcore will pay Virtus a monthly fee of $8,000 CAD. In addition, Virtus will be granted incentive stock options to acquire 150,000 shares of the Company, at an exercise price of $1.15 per share for a 4 year term, subject to approval by the Company's Board of Directors and the TSX Venture Exchange. The options will vest in equal portions over twelve (12) months from the grant date.
The Company's engagement of Virtus is subject to the acceptance of the TSX Venture Exchange.