Mr. Val Jedras
ZOGLO'S APPOINTS NEW OFFICER AND DIRECTOR AND OPTION GRANT
Zoglo's Incredible Food Corp. has appointed Lisa MacLean as the company's new chief financial officer, corporate secretary and director, effective Feb. 13, 2023. Doug Harris, who has served as the CFO, has stepped down. The Company wishes him the best in all his future endeavors.
Ms. MacLean is a Fellow member of Association of Chartered Certified Accountant and an experienced
CFO having held executive positions in Canada and Europe in private and public sector for over 15 years.
As part of Ms. MacLean's compensation package, the Company will grant 1,000,000 stock options at a price of $0.05 per option exercisable for a period of two (2) years from the date of grant. 50% of these options will vest at three (3) months, and the remainder 50% will vest at six (6) months.
Stock Option Grant
The Company also announces that it will grant 500,000 stock options to a director of the Company. Each stock option grants the holder the right to purchase one common share at an exercise price of $0.05 for a period of two (2) years from the date subject to vesting provisions.
Zoglo's announces that further to its news release dated December 22, 2022, the Company will not proceed with further closings. The Company raised a total of $60,000 on the issuance of 1,929,260 units at a price of $0.0311 per unit. Each unit consists of one common share of Zoglo's and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of $0.05 per common share for a period of 24 months from the date of issuance.
ABOUT ZOGLO'S INCREDIBLE FOOD CORP.
Zoglo's Incredible Food Corp. is a publicly-traded plant-based food company that offers nutrient-rich, plant-based appetizers, veggies, and meat substitutes to fulfill consumers' needs for all occasions and cooking requirements. The Company's wholly-owned subsidiary, Zoglo's Incredible Food Inc., currently offers 14 products through its Traditional Green Box product line and aims to offer 12 innovative products for the mainstream market through its new Zoglo's Incredible Black Box product line. Over the past 25 years, Zoglo's products have been distributed in over 3,000 retail stores across Canada including Walmart, Shoppers Drug Mart, Sobeys, and Loblaws, and have representation in the United States and Europe. The Company trades on the Canadian Securities Exchange under the ticker: ZOG and the Frankfurt Stock Exchange under the ticker: 7UT.
We seek Safe Harbor.
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