Vancouver, British Columbia--(Newsfile Corp. - October 9, 2019) - MediaValet Inc. (TSXV: MVP) ("MediaValet", "the Company"), a leading provider of cloud-based enterprise digital asset management (DAM) and creative operations software, today announces that it it has granted a total of 663,200 stock options to new and existing directors and staff. The options will have a term of five years expiring on October 8, 2024. Each option will allow the holder to purchase one common share in the Company at a price of $0.49. The options are subject to vesting over a period of three years in accordance with the TSX Venture Exchange regulations.
Following the issuance, the Company has 2,020,866 incentive stock options outstanding. As approved at the June 25, 2019 annual general meeting, the Company's Stock Option Plan allows the Board to issue the equivalent of up to 10% of the issued and outstanding share capital of the Company on a rolling basis.
About MediaValet Inc.
MediaValet stands at the forefront of the enterprise, cloud-based, digital asset management industry. Built exclusively on Microsoft Azure and available within 140 countries, across 54 Microsoft data center regions around the world, MediaValet delivers unparalleled enterprise class security, reliability, redundancy and scalability while offering the largest global footprint of any DAM solution. In addition to providing all core enterprise DAM capabilities, local desktop-to-server support for creative teams, and overall cloud redundancy and management for all source, WIP and final assets, MediaValet offers industry leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, WorkFront, Wrike, Drupal 8, WordPress, Hootsuite and many other best-in-class 3rd party applications.
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For further information, please contact:
David MacLaren
Tel: (604) 688-2321
david.maclaren@mediavalet.com
Babak Pedram
Tel: (416) 644-5081
babak.pedram@mediavalet.com
"Neither the 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."
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