Westbridge Renewable Energy Corp. is pleased to announce that it has engaged Joshua Cohen ("Josh") of Westbury Capital Group LLC and Paul Adams ("Paul") (collectively the "Consultants") to provide the Company investor relations services (the "Services") for an initial period of six months commencing on May 27, 2024 (the "Initial Term") and can be renewed at the option of the Company, subject to the terms of the services agreements with each of the Consultants (the "Agreements"). The Agreements are subject to the approval of the TSX Venture Exchange ("TSXV").
Westbridge Renewable has engaged the Consultants to provide corporate communications, shareholder engagement and investor communication, news release and market material drafting and edits, social media development and maintenance, and ongoing tactical support. The Consultants are required to comply with all applicable securities laws and regulations in connection with the provision of the Services. The Services include Investor Relations Activities as such term is defined under the Policies of the TSXV.
Josh is Managing Partner at Westbury Capital Group LLC; a firm based in Austin, Texas that invests in and provides IR advisory services for public and private companies and Paul is an independent IR advisor based in London, UK. Both Consultants have been retained in a consulting capacity to provide general IR advisory services as outlined above and in the Agreements executed on May 27, 2024.
Scott Kelly, Director and Executive Chair of Westbridge Renewable, noted: "We are delighted to welcome Josh and Paul to our team and are very pleased with the progress we have made in Canada, expanding our project pipeline in the U.S. and Europe, and growing our team."
Cash and Options to be Paid for IR Services
Each of the Consultants will receive a monthly fee in the amount of $US 3,000 plus applicable taxes, paid monthly, and 50,000 options, granted on May 27, 2024 with an exercise price of $1.00 until May 27, 2027, for the Services during the Initial Term, unless terminated by the Company.
The fee to be paid by the Company to the Consultants is for the provision of the Services only. Both Consultants act at arm's length with the Company.