TORONTO, Oct. 7, 2022 /CNW/ - Lingo Media Corporation (TSXV: LM) (OTC: LMDCF) (FSE: LIMA) ("Lingo Media"), www.lingomedia.com, an EdTech language-learning edutainment and content development company, is pleased to announce that it has engaged Oak Hill Financial Inc. ("Oak Hill") to provide business and capital markets advisory services including investor relations. Oak Hill is a Toronto-based financial services company that assists companies in enhancing their corporate profile.
Under the engagement, Oak Hill will be paid a fee of $10,000 per month for an initial three months. More specifically, Oak Hill will provide services such as corporate communications, strategic advice, and outreach to its network of investment advisors, sell side institutions and buy-side institutions across Canada, in addition to the US and internationally. The goals are to expand Lingo Media's exposure and visibility in the financial community in order to secure a new and expanded shareholder base. In certain circumstances, additional services may be provided to the Company by Oak Hill and additional contingent consideration for such services may be applicable.
Lingo Media has granted Oak Hill stock options to purchase 200,000 common shares of the Company at an exercise price of $0.095 per share with 50,000 options vesting on the 3rd, 6th, 9th and 12th month following the effective agreement date of October 6, 2022. The engagement of Oak Hill and issuance of stock options is subject to TSX Venture Exchange approval.
About Oak Hill Financial
Oak Hill Financial is a leading Canadian marketing and distribution firm, focused on IIROC retail brokerage networks, servicing both asset managers and public companies. Oak Hill Financials' experienced team of former asset management wholesalers, research analysts and capital market professionals specialize in building credibility for their clients to a network of over 10,000 Canadian IIROC retail brokers and over 300 North American funds.
About Lingo Media (TSX-V: LM; OTC: LMDCF; FSE: LIMA)
Lingo Media is an EdTech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology.
The company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. ("ELL") and Lingo Learning Inc. ELL is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning is the content development arm publishing print-based English language learning materials in China.
Lingo Media has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to extend its market reach and expand its product offerings.
For more information about Lingo Media, visit www.lingomedia.com.
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Portions of this press release may include "forward-looking statements" within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Lingo Media has tried to identify these forward-looking statements by using words such as "may," "should," "expect," "hope," "anticipate," "believe," "intend," "plan," "estimate" and similar expressions. Lingo Media's expectations depend upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital and other uncontrollable or unknown factors. No assurance can be given that the actual results will follow the forward-looking statements. Except as otherwise required by securities laws, Lingo Media undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian securities regulators available on www.sedar.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGEACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE Lingo Media Corporation
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