Investor News
Press Release.
OTC: PSSOF
FSE: ZE6
PesoRama Inc. Engages Generation IACP Inc. for Market Making Services
TORONTO, ON – (Accesswire – February 24, 2022) – PesoRama Inc. (TSXV: PESO) (“PesoRama” or the”Company“), a Canadian company operatingsingle price-point dollarstores in Mexico, is pleased to announce that it has engaged the services of Generation IACP Inc. (“Generation”) to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and applicable legislation. Under the agreement, Generation will receive a fee of C$7,500 plus applicable taxes per month. The initial term of the agreement is six months from the date of execution and the agreement will automatically renew for additional six month terms unless earlier terminated by either party. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3.0%. No stock options are being granted and no compensation other than as stated above is payable in connection with the engagement. Generationand the Company are unrelated and unaffiliated entities and at the time of the agreement, neither Generation nor its principals have an interest, directly or indirectly, in the securities of the Company. Generation, established in 1998, in a Toronto-based, independently owned, investment dealer providing innovative solutions for institutional, corporate and individual clients in Canada and abroad.
PesoRama Inc. is a Mexican value retailer that currently operates a chain of stores in Mexico under the brand name "JOi Dollar Plus." PesoRama's stores offer a broad range of everyday household products, seasonal goods, and pet supplies at affordable prices. The Company's mission is to become Mexico's premier dollar store chain, targeting expansion to 500+ locations across Mexico.
For more information, visit pesorama.ca.
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on assumptions and involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.