(TheNewswire)
Edmonton, Alberta – TheNewswire (July 15, 2024) – Yorkton Equity GroupInc. (“Yorkton” or the “Company”) (TSXV: YEG) announces itsboard of directors and the approval of a grant of stock options.
Board of Directors
As previously announced on June 10, 2024, the Company’s shareholdershave voted to elect Messrs. Ben Lui, Bill Smith, Mark Wilbert, JasonTheiss, and Tony Barlott as directors of the Company for the ensuingyear. Mr. Smith has been re-appointed as the Chairman of the boardof directors and Mr. Barlott has been appointed as the Chair of theAudit Committee and Corporate Secretary. Mr. Barlott succeeds Mr.Theiss as Chair of the Audit Committee. Mr. Theiss will continue asa member of the Audit Committee.
Grant of Stock Options
In accordance with the policies of the TSX Venture Exchange, the boardof directors has approved a grant of stock options to the Company’sdirectors to purchase an aggregate of 250,000 common shares of theCompany. The options will vest immediately and have an exerciseprice of $0.20 per common share with an expiry date of June 10, 2029.
All options are subject to any earlier termination in accordance withtheir terms and the Company’s omnibus security-based compensationplan.
Mr. Ben Lui, President and CEO of Yorkton stated, “Iam very pleased to welcome Mr. Barlott to our board of directors andhis appointment as the Chair of our Audit Committee and CorporateSecretary. Mr. Barlott brings a wealth of experience which will beinvaluable as we continue to expand our business. Additionally, aspart of our ongoing strategy to align the interest of our leadershipwith those of our shareholders, we are granting stock options to thecurrent directors of the Company. I have complete confidence in thedirectors and their leadership, dedication and commitment to thecontinued growth of Yorkton and driving long-term value.”
About Yorkton
Yorkton Equity Group Inc. is a growth-oriented real estate investmentcompany committed to providing shareholders with growing assetsthrough accretive acquisitions, organic growth, and the activemanagement of multi-family rental properties with significant upsidepotential. Our current geographical focus is in Alberta and BritishColumbia with diversified and growing economies, and strong populationin-migration. Our business objectives are to achieve growing NetOperating Income (“NOI”) as well as the asset values in ourmulti-family rental property portfolio in strategic markets acrossWestern Canada.
The management team at Yorkton Equity Group Inc. has well over 30years of prior real estate experience in acquiring and managing rentalassets.
Further information about Yorkton is available on the Company’swebsite at www.yorktonequitygroup.com and the SEDAR+ websiteat www.sedarplus.ca.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
For further information on Yorkton,please contact:
Ben Lui, CEO
Telephone: (780) 409-8228
Email: investors@yorktonequitygroup.com
Forward-looking information
This press release may include forward-looking information within themeaning of Canadian securities legislation concerning the business ofYorkton. Forward-looking information is based on certain keyexpectations and assumptions made by the management of Yorkton.Although Yorkton believes that the expectations and assumptions onwhich such forward-looking information is based are reasonable, unduereliance should not be placed on the forward-looking informationbecause Yorkton can give no assurance that they will prove to becorrect. Forward-looking statements contained in this press releaseare made as of the date of this press release. Yorkton disclaims anyintent or obligation to update publicly any forward- lookinginformation, whether as a result of new information, future events orresults or otherwise, other than as required by applicable securitieslaws.
This press release does not constitute an offer to sell or asolicitation of an offer to buy any of the securities described hereinin the United States. The securities described herein have not beenand will not be registered under the United States Securities Act of1933, as amended, or any applicable securities laws or any state ofthe United States and may not be offered or sold in the United Statesor to the account or benefit of a person in the United States absentan exemption from the registration requirement
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