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Fintechwerx Announces Entry Into Advisory Agreement and Consulting Agreement
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VANCOUVER June 17, 2025 – Fintechwerx International Software Services Inc. (CSE: WERX) (“FintechWerx” or the "Company") announces that it has entered into an advisory agreement (the “Advisory Agreement”) with Adam Atlas (“Atlas”), whereby Atlas has agreed to provide advice and recommendations regarding the Company’s overall business strategy and future direction, including but not limited to, advising on market conditions, operating policies and management personnel (the “Services”). In consideration for the Services, the Company has agreed to grant stock options (each, an “Option”) to Atlas to purchase 50,000 common shares of the Company (each, a “Share”) at an exercise price of $0.55 per Share for a period of two years, with the Options vesting immediately on the date of grant. The Advisory Agreement is effective from May June 16, 2025 to June 16, 2026.
The Company also announces that it has entered into a consulting agreement (the “Consulting Agreement”) with Canada Cash Control Systems Ltd. (“Canada Cash”), whereby Canada Cash will provide certain consulting and advisory services to the Company, including but not limited to, making recommendations for both short-term and long-term business strategies and evaluating various market opportunities (the “Consulting Services”). In consideration for the Consulting Services, the Company has agreed to grant Options to Canada Cash to purchase an aggregate of 30,000 Shares at an exercise price of $0.55 per Share for a period of two years, with 10,000 of the Options vesting on the date of grant and 20,000 Options vesting quarterly as to 2,500 Options each quarter. The Consulting Agreement is effective from June 16, 2025 to June 16, 2026.
Canada Cash is a company wholly-owned by Jon Lee, a director of the Company, and is considered to be a “related party” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Accordingly, the issuance of Options to Canada Cash is considered a “related party transaction” within the meaning of MI 61-101 but such issuance is exempt from the formal valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company’s common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the Options does not exceed 25% of the Company’s market capitalization.
All Options and the Shares underlying such Options are subject to a hold period of four months and one day from the date of issuance.
About FintechWerx
FintechWerx is an e-commerce technology company. The Company provides onboarding, payments, identity verification and data services to independent sales organizations, small and medium sized businesses. Additional information is available at www.sedarplus.ca or on the Company’s website at www.FintechWerx.com.
For more information, please contact:
Francisco Carasquero
FintechWerx International Software Solutions Inc.
Phone: 778-652-3669
Email: info@FintechWerx.com
Website: www.FintechWerx.com
Twitter: www.twittter.com/fintechwerx
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release include, but are not limited to, statements regarding the Company’s objectives, business strategies, and future plans, including the continued provision of the Services and Consulting Services. These forward-looking statements are based on management’s current expectations and assumptions, which are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Risks include, but are not limited to, changes in market conditions, regulatory risks, the inability to achieve regulatory compliance or approvals, reliance on key personnel and the risk factors set forth in the Company’s filings on SEDAR+. Forward-looking statements are made as of the date of this release, and FintechWerx disclaims any obligation to update or revise them to reflect new events or circumstances, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.
The Canadian Securities Exchange nor the Canadian Investment Regulatory Organization has neither approved or disapproved of the contents of this press release.