MONTREAL, May 28, 2014 /CNW Telbec/ - IOU Financial Inc. (TSXV: IOU) ("IOU
Financial" or the "Company") today announced the grant of options pursuant to
its Stock Option Plan.
The Company granted options entitling two directors to acquire up to an
aggregate of 105,000 Class B Common Shares of the Corporation at an exercise
price of $0.60; these options have a term of five years from the date of grant
with one-third (1/3) vesting immediately and one-third (1/3) vesting on each
of the first and second anniversaries of the date of grant.
The Company also granted options to Paradox Public Relations Inc. ("Paradox"),
its strategic investor relations consultants, entitling Paradox to acquire
100,000 Class B Common Shares of the Corporation at an exercise price of
$0.60; these options have a term of two years and shall vest over a period of
12 months, at a rate of 25% at the end of each three-month period.
About IOU Financial Inc.
IOU Financial, via its U.S. subsidiary, IOU Central, provides small businesses
throughout the U.S. access to the capital they need to seize growth
opportunities quickly. Typical customers include medical and dental practices,
grocery and retail stores, restaurant and hotel franchisees and e-commerce
companies. In a unique approach to lending, IOU Central's advanced, automated
application and approval system accurately assesses applicants' financial
realities, with an emphasis on day-to-day cash flow trends. It makes loans of
up to $100,000 to qualified applicants within a few business days, with
affordable charges favorable to cash-flow management. IOU Central's speed and
transparency make it a trusted alternative to banks. To learn more visit:
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of IOU including, but
not limited to, the impact of general economic conditions, industry
conditions, dependence upon regulatory and shareholder approvals, the
execution of definitive documentation and the uncertainty of obtaining
additional financing. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements. IOU does not assume any obligation to
update or revise its forward-looking statements, whether as a result of new
information, future events, or otherwise.
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.
SOURCE IOU FINANCIAL INC.
Philippe Marleau Chief Executive Officer (514) 789-0694 ext. 225
Mayco Quiroz Chief Financial Officer (514) 789-0694 ext. 298
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CO: IOU FINANCIAL INC.
NI: FIN FIN 2523
-0- May/28/2014 20:53 GMT
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