Toronto, Ontario--(Newsfile Corp. - February 24, 2022) - PesoRama Inc. (TSXV: PESO) ("PesoRama" or the "Company"), a Canadian company operatingsingle price-point dollarstores in Mexico, is pleased to announce that it has engaged the services of Generation IACP Inc. ("Generation") to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and applicable legislation. Under the agreement, Generation will receive a fee of C$7,500 plus applicable taxes per month. The initial term of the agreement is six months from the date of execution and the agreement will automatically renew for additional six month terms unless earlier terminated by either party. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3.0%. No stock options are being granted and no compensation other than as stated above is payable in connection with the engagement. Generation and the Company are unrelated and una?liated entities and at the time of the agreement, neither Generation nor its principals have an interest, directly or indirectly, in the securities of the Company. Generation, established in 1998, in a Toronto-based, independently owned, investment dealer providing innovative solutions for institutional, corporate and individual clients in Canada and abroad.
About PesoRama Inc.
PesoRama, operating under the JOi Canadian Stores brand, is a Mexican value, single price-point dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 18 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more.
For further information please contact:
Rahim Bhaloo
Founder & Executive Chairman
rahim@rahimbhaloo.com
416-816-3291
Erica Fattore
President & Chief Executive Officer
erica@joi.mx
Alyssa Barry
Investor Relations
investors@pesorama.ca
Cautionary Note
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the engagement of Generation and the fees payable to it. Although the Company considers these statements to be appropriate and that its expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because PesoRama can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements, including due to the risk factors which are discussed in greater detail in the "Risk Factors" section of the Company's prospectus dated January 31, 2022 and filed under the Company's profile on www.sedar.com. The statements in this news release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).
Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114673
