VICTORIA, BRITISH COLUMBIA—Plurilock Security Inc. (“Plurilock” or the “Company”) (TSXV: PLUR), a leading provider of invisible and continuous authentication technologies for enterprises, is pleased to announce that it has retained PI Financial Corp. (“PI”) to provide market making services and Thesis Capital Inc. for investor relations services.
PI will trade the securities of Plurilock on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $3,500 for a minimum term of three months and renewable thereafter for anticipated total costs of $10,500 (assuming a three-month term). Plurilock and PI are unrelated and unaffiliated entities. PI will not receive shares or options as compensation. The capital used for market making will be provided by PI and will be done in accordance with the TSX Venture Exchange policies.
PI Financial Corp. is an independent investment dealer with offices across Canada, which provides a full range of investment products and services for individual, corporate and institutional investors.
Additionally, Plurilock pleased to announce that it has retained the services of Thesis Capital Inc. (“Thesis”) of Toronto, Ontario. Thesis will provide investor relations and capital markets advisory services to Plurilock, subject to TSX Venture Exchange (“TSXV”) approval. Thesis has been retained for an initial term of 12 months. The Company can terminate after the initial term by providing 30 days’ notice. Thesis will be paid a monthly fee of CAD$6,500 plus reasonable out of pocket expenses for its services for anticipated total costs of $78,000 (assuming a one-year term) Thesis and its principals act at arm’s length to the Company and currently hold 316,667 shares of Plurilock. From time to time, Thesis may or may not be in possession of Plurilock shares.
Thesis is a leading independent capital markets advisory firm based in Toronto, Canada. Thesis provides objective advice to early stage public and private companies on investor relations, communications, and capital markets initiatives. Thesis has extensive relationships with various stakeholders in capital markets industry.
Plurilock is an innovative identity centric cybersecurity company that reduces or eliminates the need for passwords by measuring the pace, rhythm and cadence of a user’s keystrokes to confirm their identity. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely—and with peace of mind.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
Chief Financial Officer
This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) which relate to future events or Plurilock’s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock’s business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.