Engagement Labs Provides Corporate Update
MONTREAL, Quebec — November 6, 2017 - Engagement Labs Inc. (TSXV: EL) announces that debentureholders at a meeting held today approved amendments to $2,567,000 in outstanding debentures due June 30, 2018. The debentures will now mature on September 28, 2020. The conversion price has been lowered from $0.20 to $0.12 per share, and the annual interest rate on the debentures has been reduced from 6% to 2%. The TSX Venture Exchange accepted notice of these amendments subject to fling customary documentation. The amendments are effective as of today’s date.
The Company also advises that Mr. Pat LaPointe has resigned from the Board. The Board is now comprised of five directors.
About Engagement Labs
Engagement Labs (TSX VENTURE: EL) provides the world’s leading brands with a unique and powerful way to drive sales and improve marketing ROI. Our TotalSocial® technology combines social media listening metrics with the world’s only ongoing measure of offline word of mouth into a single dashboard, to allow marketers the ability to measure performance, diagnose areas of weakness and opportunity, and identify specific strategies and tactics to increase sales and improve marketing ROI. Our proprietary predictive analytics tie TotalSocial metrics to critical business outcomes. Engagement Labs has offices in the US, the UK and Canada.
Disclaimer in regards to Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, Engagement Labs does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
Neither 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.
Ed Keller, CEO, Engagement Labs Inc.,