TORONTO, October 7, 2022 /CNW/ – Jargon media company (TSXV: LM) (OTC: LMDCF) (FSE: LIMA) (“Lingo Media“), www.lingomedia.coman EdTech language learning entertainment and content development company, is pleased to announce that it has engaged Oak Hill Financial Inc. (“Hill Oak“) to provide corporate and capital markets advisory services, including investor relations. Hill Oak is a Torontofinancial services company that helps businesses improve their business profile.
Under the engagement, Hill Oak will be paid a fee of $10,000 per month for the first three months. More precisely, Hill Oak will provide services such as corporate communication, strategic advice and outreach to its network of investment advisers, sell-side institutions and buy-side institutions across Canada, in addition to the United States and internationally. The objectives are to expand Lingo Media’s exposure and visibility in the financial community in order to secure a new and expanded shareholder base. In certain circumstances, additional services may be provided to the Company by Hill Oak and additional contingent consideration for such services may be applicable.
Lingo Media granted Hill Oak stock options to purchase 200,000 common shares of the Company at an exercise price of $0.095 per share with 50,000 options vested on 3rd6e9e and 12e months following the date of entry into force of the agreement October 6, 2022. The commitment of Hill Oak and the issuance of stock options is subject to TSX Venture Exchange approval.
About Oak Hill Financial
Oak Hill Financial is a leading Canadian marketing and distribution firm, focused on IIROC’s retail brokerage networks, serving both asset managers and public companies. Oak Hill Financials’ experienced team of former asset management wholesalers, research analysts and financial market professionals specializes in building credibility for its clients with a network over 10,000 Canadian IIROC retail brokers and over 300 North American funds.
About Lingo Media (TSX-V: LM; OTC: LMDCF; ESF: LIMA)
Lingo Media is an EdTech language learning and content development company that makes it easy for language educators to transition from traditional teaching methods to digital learning by integrating education, entertainment and technology.
The company provides online and print solutions through two separate business units: Everybody Loves Languages Inc. (“ELL”) and Lingo Learning Inc. ELL is an advanced technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based e-learning solutions, including online and offline content, a learning management system, assessments, real-time reports, voice recognition technology and white label tools. At the same time, Lingo Learning is the content development arm that publishes English learning materials printed in China.
Lingo Media has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and Chinaand continues to expand its market reach and expand its product offering.
For more information about Lingo Media, visit www.lingomedia.com.
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Portions of this press release may contain “forward-looking statements” within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance or expectations implied by these forward-looking statements. These statements are based on management’s current expectations and involve certain risks and uncertainties. Actual results may differ materially from management’s expectations and projections and, accordingly, readers should not place undue reliance on forward-looking statements. Lingo Media has attempted to identify these forward-looking statements by using words such as “may”, “should”, “expect”, “hope”, “anticipate”, “believe”, “intend”. , “plans”, “estimates” and similar expressions. Lingo Media’s expectations depend on general economic conditions, continued and growing demand for its products, retention of key management and operating personnel , its need for and availability of additional capital and other factors beyond its control or unknown. No assurance can be given that actual results will follow the forward-looking statements. Except as required by securities laws, Lingo Media does not ‘s undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.. Certain factors that may affect the Company’s ability to achieve the expected results are described in the Company’s filings with Canadian securities regulators available at www.sedar.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE
EXCHANGE ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCELingo Media Corporation
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