NextGen Food Robotics Announces Director Appointment and Grant of Stock Options
10 Oktober 2023 - 11:01PM
NextGen Food Robotics Corp. (the “
Company” or
“
NextGen”) (NEO: NGRB; OTC Pink: NGRBF; Frankfurt:
O83) is pleased to announce the appointment of Melody Cooper to its
board of directors, as well as her appointment as the Company’s new
Corporate Secretary.
Mrs. Cooper has served as the Company’s Director
of Commissary Operations since December 2021, and will now leverage
her deep understanding of the Company’s operations in her role on
the board of directors.
Mrs. Cooper has also replaced Paul Rivas as
Corporate Secretary of the Company, who had assumed the role of
Corporate Secretary in the interim following the resignation of the
Company’s previous Corporate Secretary on August 21, 2023. Mr.
Rivas will continue to serve as a director and the Chief Executive
Officer of the Company.
The Company also today announces that the board
of directors of the Company has approved the grant (the
"Grant") of an aggregate of 200,000 options (the
"Options") to purchase common shares in the
capital of the Company to certain directors and employees of the
Company. Of the Options granted, 100,000 Options are exercisable at
a price of $0.60 per common share for a term of three years, 50% of
which vest on the date that is 9 months following grant and 50% of
which vest on the date that is 17 months following grant. The other
100,000 Options are exercisable at $0.55 for a term of five years,
and which vest quarterly over the three-year period following
grant.
About NextGen Food
RoboticsNextgen Food Robotics is an automated robotic food
co-packer and manufacturer that uses technology to modernize its
food manufacturing processes. Additionally, Nextgen is developing
the “Lily app”, which is an AI-powered food application.
For investor inquiries or further information,
please contact:
Paul Rivas, Chief Executive Officer
1 (236) 471-1357
info@nextgenai.ca
Cautionary Note on Forward-Looking
Information This press release contains certain
forward-looking statements within the meaning of applicable
securities laws with respect to the Company. These forward-looking
statements generally are identified by words such as “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” and similar expressions and in this news release
include statements respecting Mrs. Cooper’s contributions to the
Company’s board of directors and the vesting and exercise of the
Options. Although the Company believes that the expectations and
assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be
placed on the forward-looking statements and information because
the Company can give no assurance that they will prove to be
correct. Since forward-looking statements and information address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release. The forward-looking statements
included in this news release are expressly qualified by this
cautionary statement. The forward-looking statements and
information contained in this news release are made as of the date
hereof and the Company undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as
a result of new information, future events or otherwise, unless so
required by applicable laws.
Neither the Neo Exchange nor its Market
Regulator (as that term is defined in policies of the NEO Exchange)
accepts responsibility for the adequacy or accuracy of this press
release.
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