TORONTO, May 27, 2015 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based payment solutions, is pleased to announce the election of its board of directors from its Annual General and Special Meeting of Shareholders, held on May 27, 2015.
Shareholders elected Art Mesher (Chairman), Wendy Porter, the Honourable David Peterson, Eleanor Chiu, Brian Kyle, and Craig O'Neill (CEO).
Officers
The Company also announces the re-appointment of its current senior officer team, consisting of:
| Craig O'Neill |
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Chief Executive Officer |
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| David Chan |
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Chief Financial Officer and Corporate Secretary |
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| Patrick MacDonald |
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President, POS Solutions |
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| Kevin Short |
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Chief Information Officer |
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| Todd Whiton |
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President, VersaPay Payment Technology Solutions Inc. (USA) |
Committees
The Board of Directors reappointed its Audit Committee for the coming year, consisting of Brian Kyle (Chair), Wendy Porter and Eleanor Chiu.
The Company also reappointed its Corporate Governance, Compensation and Nominating Committee for the coming year, consisting of Wendy Porter (Chair), David Peterson and Art Mesher.
Options
The Company also announces the grant of incentive stock options to directors of the Company to purchase up to 125,000 common shares in the capital stock of the Company under its share option plan. The options are exercisable at a price of $1.38 per share on or before May 27, 2020, subject to the approval of the TSX Venture Exchange and applicable hold and Company vesting periods.
About VersaPay
VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's ARC™ software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software. VersaPay is headquartered in Toronto, Canada and also has operations in Montreal and New York.
More information about VersaPay can be found on the Company's website at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.
Neither the 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.
SOURCE VersaPay Corporation
David CW Chan, Chief Financial Officer, VersaPay Corporation, 647-258-9475, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]
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