CALGARY, ALBERTA – June 19, 2017 - Cortex Business Solutions Inc. (TSXV : CBX), a North American network-as-a-service e-invoicing solutions provider, announced today that its board of directors has approved the granting of incentive stock options to its chief executive officer.
The strike price of the stock options was determined in accordance with the current stock option plan and the rules as defined by the TSX Venture Exchange. The strike price is based on market value per share at business close the day prior to issuance, being June 16, 2017, which was $4.40 per share. The number of stock options issued to insiders is 80,000 for a total option grant of 80,000 options.
About Cortex Business Solutions
Cortex’s strategy is to revolutionize B2B document exchange by replacing traditional paper-based manual systems with automated e-invoicing. This positions companies with the scalability and flexibility needed to meet the demands of today’s business. Cortex offers a B2B network that enables electronic invoicing for buying and supplying organizations using flexible connection methods to leverage existing customer technologies and processes. Access to the Cortex Network enhances the exchange of documents allowing companies to connect and interact with each other to grow their businesses.
Cortex is currently delivering e-invoicing services to over 10,000 Trading Partners in Oil & Gas, Mining, and Sports & Entertainment industries, with a focused expansion into additional verticals.
Investor Relations Contacts:
|Joel Leetzow||Sandra Fawcett||Andrew Stewart|
|President and CEO||CFO||Director, Marketing & Investor Relations|