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BRIEF-Venzee Announces Board And Officer Changes, Founders Agree To Voluntary Share Lock Up

Published 2018-10-03, 08:38 a/m
© Reuters.  BRIEF-Venzee Announces Board And Officer Changes, Founders Agree To Voluntary Share Lock Up
VENZ
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Oct 3 (Reuters) - Venzee Technologies Inc VENZ.V :

* VENZEE ANNOUNCES BOARD AND OFFICER CHANGES, FOUNDERS AGREE TO VOLUNTARY SHARE LOCK UP

* VENZEE TECHNOLOGIES INC - PETER MACKAY, PRESIDENT AND CEO OF VENZEE, HAS BEEN APPOINTED TO BOARD OF DIRECTORS

* VENZEE TECHNOLOGIES INC - BOTH FOUNDERS, KATE HISCOX AND MARCO SYLVESTRE, HAVE VOLUNTARY ENTERED INTO LOCK UP AGREEMENTS

* VENZEE TECHNOLOGIES INC - CURRENTLY, BOTH FOUNDERS HOLD APPROXIMATELY 13.5 MILLION SHARES OF VENZEE OR 22% OF OUTSTANDING TOTAL

* VENZEE TECHNOLOGIES INC - ALL OF THESE SHARES WILL NOW BE RESTRICTED FROM ANY TRADING, UNLESS APPROVED BY CO'S BOARD OF DIRECTOR, UNTIL SEPT 27, 2019

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