Koios Beverage Corp. (OTC: KBEVF) (CSE: KBEV), is pleased to announce that the Company’s common shares have been made eligible with the Depository Trust Company (the “DTC”).
The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered DTC eligible. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
Being DTC eligible is expected to greatly simplify the process of trading and exchange of the Company’s common shares on the OTC Market.
The Company announces that it has entered into an investor relations consulting agreement (the “Midam Agreement”) with Midam Ventures, LLC (“Midam”). The term of the Midam Agreement commenced on October 25, 2018 and ends on December 25, 2018, unless otherwise terminated as set forth in the Midam Agreement. Pursuant to the Midam Agreement, Midam will provide various business advisory, consulting and investor relations services to the Company in exchange for aggregate consulting fees of US$150,000, to be paid in two monthly payments of US$75,000.
The Company also announces that it has entered into an investor relations consulting agreement (the “Stonebridge Agreement”) with Stonebridge Partners, LLC (“Stonebridge”). The term of the Stonebridge Agreement commenced on October 12, 2018 and ends on April 12, 2019. Pursuant to the Stonebridge Agreement, Stonebridge will provide various consulting and investor relations services to the Company in exchange for aggregate consulting fees of US$60,000.
Each of Midam and Stonebridge has filed a CSE Form 3 – Personal Information Form with the Canadian Securities Exchange.