LINGO MEDIA GRANTS STOCK OPTIONS | 2021-12-20 | Press Releases
TORONTO, 20 December 2021 / CNW / – Lingo Media Corporation (TSXV: LM) (OTCQB: LMDCF) (FSE: LIMA) (“Lingo Media“or the”Society“), an EdTech company that is ‘Building a Multilingual World’ through innovative online technology and solutions, announces that its board of directors has approved the granting of 2,740,000 stock options (” Options “) To the directors and employees of the Company, of which 1,490,000 the option is granted to the officers and directors. The options will have an exercise price of $ 0.06 per share and will vest quarterly over 18 months. The options will have a term of 5 years from the grant date.
About Lingo Media (TSX-V: LM; OTCQB: LMDCF)
Lingo Media is a global EdTech company that “Builds a Multilingual World”, develops and markets products for learners of new languages ââacross various stages of life, from the classroom to the boardroom. By integrating education and technology, the company makes it easy for language teachers to switch from traditional teaching methods to digital learning.
Lingo Media provides both online and print solutions through two separate business units: ELL Technologies Ltd., d / b / a Everybody Loves Languages ââand Lingo Learning Inc. Everybody Loves Languages ââoffers online training and a assessment for language learning, while Lingo Learning is a print version english learning editor programs in China.
Lingo Media has established successful relationships with key government and industry organizations internationally, with a presence in Latin America, China and the United States, and continues to both expand its global reach and expand its product offerings.
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Portions of this press release may include “forward-looking statements” within the meaning of securities laws.These statements are made in reliance on Sections 21E and 27A of the Securities Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from results, performance or expectations implied by these forward-looking statements. These statements are based on management’s current expectations and involve certain risks and uncertainties. Actual results may differ materially from management’s expectations and projections, and therefore readers should not place undue reliance on forward-looking statements.. Lingo Media has attempted to identify these forward-looking statements by using words such as “may”, “should”, “expect”, “expect”, “anticipate”, “believe”, “intend”, “Plan”, “estimate” and similar expressions. Lingo Media’s expectations, among others, depend on general economic conditions, the continued and growing demand for its products, the retention of its key management personnel and operation, its need and availability of additional capital as well as other uncontrollable or unknown factors. No assurance can be given that thethe results will be consistent with forward-looking statements. Except as otherwise provided by US federal securities laws, Lingo Media assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events, or changes in circumstances. or for any other reason.. Certain factors that may affect the Company’s ability to achieve the projected results are described in the documents filed by the Company with the Canadian authorities and United States securities regulators available at www.sedar.com Where www.sec.gov/edgar.shtml.
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SOURCE Lingo Media Corporation
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