As part of the program, Norsat has retained Ms. Caren Holtby in Canada along with Wolfe Axelrod Weinberger Associates LLC in the U.S. to communicate its strategic goals and business opportunities in order to increase investor awareness and thereby enhance shareholder value. The terms of the retainer agreements are for two years and the Company has agreed to pay aggregate retainer fees of approximately $9,000 per month plus allowable expenses. In addition, the Company has approved incentive compensation in the form of options to purchase an aggregate of 110,000 shares of common stock of Norsat under Norsat’s incentive share option plan, with an exercise price of CAD$0.70, vested over a two year period, and subject to approval of the Toronto Stock Exchange and federal and state regulatory approvals in the United States. Each option will have a five year duration from the date of issue.
Norsat Knows Importance Of CorpComm
Norsat International Inc. (TSX: NII, OTC BB: NSATF) has initiated a new corporate communications program to improve shareholder relations both in Canada and the United States.
As part of the program, Norsat has retained Ms. Caren Holtby in Canada along with Wolfe Axelrod Weinberger Associates LLC in the U.S. to communicate its strategic goals and business opportunities in order to increase investor awareness and thereby enhance shareholder value. The terms of the retainer agreements are for two years and the Company has agreed to pay aggregate retainer fees of approximately $9,000 per month plus allowable expenses. In addition, the Company has approved incentive compensation in the form of options to purchase an aggregate of 110,000 shares of common stock of Norsat under Norsat’s incentive share option plan, with an exercise price of CAD$0.70, vested over a two year period, and subject to approval of the Toronto Stock Exchange and federal and state regulatory approvals in the United States. Each option will have a five year duration from the date of issue.
As part of the program, Norsat has retained Ms. Caren Holtby in Canada along with Wolfe Axelrod Weinberger Associates LLC in the U.S. to communicate its strategic goals and business opportunities in order to increase investor awareness and thereby enhance shareholder value. The terms of the retainer agreements are for two years and the Company has agreed to pay aggregate retainer fees of approximately $9,000 per month plus allowable expenses. In addition, the Company has approved incentive compensation in the form of options to purchase an aggregate of 110,000 shares of common stock of Norsat under Norsat’s incentive share option plan, with an exercise price of CAD$0.70, vested over a two year period, and subject to approval of the Toronto Stock Exchange and federal and state regulatory approvals in the United States. Each option will have a five year duration from the date of issue.
