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TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that is has entered into an advisory services agreement with Oak Hill Financial Inc. (“Oak Hill”) for the purpose of facilitating certain investor relations services to be provided to the Company by Oak Hill.
Oak Hill is based in Toronto, Ontario and provides comprehensive investor relations services to public and private companies across a variety of different sectors. Oak Hill will be assisting the Company with investor outreach and engagement, ongoing identification of new investors, and general marketing efforts. The initial term of the agreement will be one month commencing on November 7, 2024, and will be renewable for subsequent one-month periods at the Company’s discretion.
Oak Hill is an arms-length party to the Company and does not currently hold any interest in the securities of the Company (either directly or indirectly) nor does it hold any rights or options to acquire such an interest. In consideration of the investor relations services provided by Oak Hill, the Company shall make a monthly payment to Oak Hill in the amount of CDN$10,000 plus applicable taxes.
Forward‐Looking Statements
This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company's business.
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.