(Toronto: November 11, 2016) Quantum International Income Corp. (the “Corporation” or “Quantum”) (TSXV: QIC) is pleased to announce several additions to its management team. Mr. Ryan Bouskill has been appointed to the position of Chief Financial Officer (“CFO”), replacing the Corporation’s current CFO. Mr. Bouskill has over ten years of experience in public and private accounting and is a graduate of the University of Western Ontario. Mr. Bouskill currently holds the Chartered Professional Accountant (Canada) designation. Mr. Bouskill’s appointment is subject to acceptance by the TSX Venture Exchange.
The Corporation has also hired Mr. Hassan Ijaz to the position of Controller of the Corporation and Lucky Bucks, LLC, the digital skill-based gaming terminal operator based in Georgia, USA which is controlled by the Corporation. Mr. Ijaz has served in different public accounting roles in his career. Mr. Ijaz currently holds the Chartered Professional Accountant (Canada) and Certified Public Accountant (United States) designations.
Finally, the Corporation has hired Stephanie Lippa to provide administrative and office management services at the Corporation’s Toronto office.
“As a result of the Lucky Bucks transaction, the need to solidify our management team was paramount,” commented Manu K. Sekhri, Chief Executive Officer of the Corporation, “and the additions we have made to our team will serve us well into the future.”
The Corporation further announces a grant of stock options pursuant to the stock option plan of the Corporation, whereby the Company has granted stock options to Mr. Ijaz (250,000) and Mr. Sekhri (3,347,180). Each of the stock options granted entitle the holder to purchase one common share of the Corporation at a price of $0.09 until November 11, 2021.
More information on Quantum International Income Corp. is available at www.quantumincomecorp.com.
|For further information please contact Quantum International Income Corp:Manu K. Sekhri
Chief Executive Officer
Tel. (416) 477-3414
Tel. (416) 477-3411
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Cautionary Statement Regarding Forward-Looking Information
This release contains certain information which, as presented, constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information involves statements that relate to future events and often addresses expected future business and financial performance, containing words such as “expect” and “intend”, statements that an action or event “may” or “will” be taken or occur, or other similar expressions. These statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Corporation to control or predict, and which may cause Quantum’s actual results, performance or achievements to be materially different from those expressed or implied thereby, including, but not limited to other factors discussed in the Corporation’s annual information form dated July 23, 2015, (the “Annual Information Form”) and the Corporation’s final short form prospectus supplement dated July 21, 2015, which are available on SEDAR under Quantum’s profile at www.sedar.com. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, in the Annual Information and Prospectus, and as otherwise disclosed from time to time on SEDAR under Quantum’s profile at www.sedar.com.
Unless otherwise specified in this press release, information contained in this press release is current as of the date of this press release. Unless otherwise specified, all dollar amounts herein refer to Canadian dollars. The Corporation undertakes no obligation to update forward-looking statements except as may be required by applicable Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.