VANCOUVER, British Columbia / TheNewswire / June 25, 2019 — Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or “NSE”) (TSXV:NSP.VN) (OTCQB:NSPDF) (Frankfurt:50N) is pleased to announce that it has appointed Ms. Reena Sall as its Chief Financial Officer upon the resignation of Sead Hamzagic which was effective June 15, 2019.
Ms. Sall is a Chartered Professional Accountant, CPA-CMA with a Bachelor of Arts in Economics from the University of British Columbia. She brings more than 10 years of accounting and financial management experience with the Federal Government and a variety of publicly traded companies on the TSX-V and OTC markets. Reena has extensive experience working with Canadian public companies with subsidiaries in North America, South America, Europe and Africa with the focus on consolidation and preparation of financial statements and financial analysis. Prior to joining Naturally Splendid Enterprises, Reena worked as a Senior Accountant at Seabord Services Corp. working with Canadian public companies in the mineral exploration and mining industry.
Naturally Splendid would like to thank Mr. Hamzagic who has served as CFO for Naturally Splendid since 2018. Mr. Hamzagic will assist Ms. Sall with the transition and continue to provide consulting services as needed.
Naturally Splendid CEO Douglas Mason states,” Reena has been a valuable member of the Company as our Controller for over a year now, and has gained a comprehensive understanding of the day-to-day operations, financial systems and the requirements needed for future expansion. She will play an important role as CFO, and her years of experience in the public sector will be invaluable as the company continues to evolve as a leader in the industrial hemp sector.
We are very pleased with the financial systems, organizational structure and strategic planning that Reena has been instrumental in implementing as Controller. Her familiarity with these initiatives and systems represent a significant asset and creates a seamless transition which will prove instrumental as the Company prepares for its next stages of growth as our operations continue to expand.”
The Company also announces that it has granted 700,000 stock options to officers, directors, employees and consultants of Naturally Splendid. The options were granted for a period of five (5) years, expiring on June 24, 2024. The stock options will immediately vest and each stock option will allow the holder to purchase a common share of Naturally Splendid at an exercise price of $0.15.
The Company has engaged the services of Agrinomics I.T. Consulting Ltd. (“Agrinomics”). As per the terms of the agreement with Agrinomics, the Company will issue 150,000 common shares at a deemed price of $0.115 upon signing of the agreement, subject to regulatory approval, and an additional 150,000 shares on January 1, 2020, also subject to regulatory approval. Also, as part of Naturally Splendid’s appointment of Barry Dashner as its Chief Operating Officer (see the Company’s news release of June 14, 2019), the Company will issue 250,000 common shares at a deemed price of $0.10 upon signing of the agreement, and subject to regulatory approval, and an additional 250,000 shares on September 1, 2019, also subject to regulatory approval.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and marijuana cannabinoid compounds in a broad spectrum of applications.
For more information e-mail email@example.com or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Douglas Mason
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office: (604) 465-0548
Fax: (604) 465-1128
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid’s control including, Naturally Splendid’s ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; the ability to complete the sales of all bulk hemp seed purchase orders; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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