Knightscove Media Corp. Executes Executive Services Agreement With Stephen Ellis and Consulting Agreement With Ralph Ellis Follo
08 Fevereiro 2011 - 8:39PM
Marketwired
Knightscove Media Corp. (TSX VENTURE: KC.A)(TSX VENTURE: KC.B)
("Knightscove", "Company") is pleased to announce that former
President of Ellis Entertainment Corporation ("Ellis
Entertainment"), Stephen Ellis ("Stephen"), has been formally
appointed Executive Vice-President of Knightscove effective January
13, 2011 for a three year term. In addition, Knightscove has also
formally retained Ellis Entertainment founder Ralph Ellis ("Ralph")
as a consultant to the Company effective January 13, 2011 for a
term of twenty months. These appointments follow the closing of
Knightscove's recent acquisition of Ellis Entertainment, which was
previously announced in a press release dated January 13th 2011.
Pursuant to the terms of Stephen's executive services agreement
("Stephen's Agreement"), Stephen will help exploit the growing
catalogue of content, oversee the TV content creation for factual
and documentary programs and will work with Knightscove President
and CEO, Leif Bristow, to administer the long form dramatic
content. Further to the terms of Stephen's Agreement, the
compensation to be paid by Knightscove for Stephen's services as
Executive Vice-President includes a signing fee of $250,000 payable
$125,000 in cash and $125,000 through the issuance of 1,041,666
subordinate voting shares ("SVS") at a price per SVS equal to
$0.12. The issuance of SVS to Stephen was conditionally approved by
the TSX Venture Exchange on January 25, 2011 subject to Knightscove
obtaining disinterested shareholder approval of the issuances to
Stephen at the Companies upcoming annual general and special
meeting of shareholders.
Pursuant to the terms of Ralph's consulting agreement ("Ralph's
Agreement"), Ralph will make his services available to the Company
to assist Knightscove in its plans to enter new territories.
Further to the terms of Ralph's Agreement, the compensation to be
paid by Knightscove for Ralph's services as a consultant includes,
a signing fee equal to $175,000 payable $50,000 in cash and
$125,000 through the issuance of 1,041,666 SVS at a price per SVS
equal to $0.12. The issuance of SVS to Ralph received final
approval from the TSX Venture Exchange on February 8, 2011.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release or the
information contained herein.
Contacts: Knightscove Media Corp. Leif Bristow President and CEO
(416) 444-7900 x222
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