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Naturally Advanced ties up with LHA
05 Sep '08
2 min read
Naturally Advanced Technologies Inc announced that it has enlisted Lippert/Heilshorn & Associates Inc ("LHA") of New York, to augment the Company's shareholder and investor relations activities.
NAT management continues to deliver sales growth at its HTnaturals apparel subsidiary, and is working on reaching a wider investor audience as it brings to market its proprietary CRAILAR technology platform, expected in 2009.
Under the terms of the Company's agreement with LHA (the "Agreement"); which is subject to the prior review and, if required, approval of the TSX Venture Exchange ("Approval"), LHA will provide certain shareholder and investor services to NAT for the implementation of the Company's financial communications program.
LHA is recognized for award-winning programs that draw on the talents and capabilities of their experienced senior team.
The initial term of the Agreement is for a period of 12 months commencing effective on the date of Approval; and NAT will compensate LHA with an average monthly retainer of $10,000 together with the issuance of an aggregate of 100,000 incentive stock options of the Company; issuable in equal amounts to LHA's two Partners; vesting over a period of 18 months and exercisable at a price of $1.25 per option share.
Both Partners of LHA have existing holdings in the Company of 50,000 common shares each, with neither Partner holding more than 0.25% of the Company's outstanding common shares.
NAT management continues to deliver sales growth at its HTnaturals apparel subsidiary, and is working on reaching a wider investor audience as it brings to market its proprietary CRAILAR technology platform, expected in 2009.
Under the terms of the Company's agreement with LHA (the "Agreement"); which is subject to the prior review and, if required, approval of the TSX Venture Exchange ("Approval"), LHA will provide certain shareholder and investor services to NAT for the implementation of the Company's financial communications program.
LHA is recognized for award-winning programs that draw on the talents and capabilities of their experienced senior team.
The initial term of the Agreement is for a period of 12 months commencing effective on the date of Approval; and NAT will compensate LHA with an average monthly retainer of $10,000 together with the issuance of an aggregate of 100,000 incentive stock options of the Company; issuable in equal amounts to LHA's two Partners; vesting over a period of 18 months and exercisable at a price of $1.25 per option share.
Both Partners of LHA have existing holdings in the Company of 50,000 common shares each, with neither Partner holding more than 0.25% of the Company's outstanding common shares.
Naturally Advanced Technologies Inc
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