TORONTO, ONTARIO — (Marketwired) — 02/12/15 — Engagement Labs Inc. (TSX VENTURE: EL) today announces its intent to satisfy its obligation to pay independent director fees for the period January 1, 2014 to December 31, 2014 by issuing shares, pending approval from the TSX Venture Exchange. The Corporation will issue 331,621 Common Shares with a deemed value of $0.57 per share (for an aggregate value of $189,024) to the independent directors of the Corporation for services provided. Such aggregate value is the net amount owing to the independent directors after making all statutorily required source deductions.
“Engagement Labs is very fortunate to have a group of seasoned experienced Board of Directors who are committed to the Company–s success. Our philosophy is that Directors receive their remuneration in stock in lieu of cash to both preserve cash to build the business and to increasingly align the Directors– interests with shareholders by increasing their stock holdings over time”, said G Scott Paterson, Chairman of the Board.
About Engagement Labs
Engagement Labs– patented eValue Score is the Global Standard for Social Scoring. eValue Analytics Pro, an enterprise-grade social media analytics platform, scores brands between 1-100. eValue measures brands– social media and digital marketing efforts, and is composed of a series of metrics and KPIs, including: Engagement, Responsiveness and Impact, benchmarked against 75,000+ handpicked and verified brands.
Engagement Labs (TSX VENTURE: EL) offers intelligent social data, analytics and insights for organizations that are actively engaging on social networks. Offered as a SaaS or through an API, the eValue analytics platform allows brands to measure and maximize the effectiveness of their social media marketing campaigns, as well as measure that of their competitors across major social networks Facebook, Twitter and YouTube. Engagement Labs maintains offices in Montreal, Toronto and Paris. /
Neither TSX Venture Exchange 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.
Contacts:
For media inquiries please contact:
Eli Singer
CMO + CSO
(416) 566 2322
Sasha Bricel
Account Executive
(647) 981 7397
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