Functional Technologies renews IR deal with Momentum
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2012-10-17 08:50 ET - News Release
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Mr. Geoff Lee reports
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FUNCTIONAL TECHNOLOGIES RENEWS AGREEMENT WITH MOMENTUM PUBLIC RELATIONS
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Functional Technologies Corp. has reappointed Momentum Public Relations Inc., a corporate development and communications firm based in Longueuil, Que., to provide the company with market awareness and investor relations services, subject to TSX Venture Exchange approval. Momentum will assist the company in forming productive relationships with private investors, analysts, investment funds, brokers, other financial institutions and interested parties.
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Replacing the agreement previously entered into by Momentum and the company, which expired in July, Momentum's services will again be for a term of six months, with the same monthly remuneration of $4,500, which the company intends to pay from general working capital. The agreement provides for the grant to Momentum of options to purchase 200,000 common shares of the company at a price of 30 cents per share for a maximum term of three years. The options will be subject to the terms of the company's stock option plan and will vest in accordance with the provisions therein as well as the policies of the TSX Venture Exchange.
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The company has been informed that Momentum has no direct or indirect interest in the company's securities, or any right or intent to acquire such an interest, except for the options. The company has also been informed that a principal of Momentum owns shares of the company and may purchase additional shares.