OTTAWA, Oct. 17, 2013 /CNW/ - Magor Communications Corp. (TSXV:MCC) ("Magor" or "the Company"), a global leader in visual collaboration solutions, today announced that it has retained Virtus Advisory Group Inc. ("Virtus"), to provide Magor with strategic investor relations services.
Virtus will assist the Company by undertaking ongoing communications and promotional support for the Company's relations with the professional investment community. In connection with the engagement, Virtus has been awarded a consulting contract for a monthly fee of $5,000. In addition, Virtus will be granted incentive stock options, the number of which will be determined by the board of directors, subject to the provisions of the Company's stock option plan and the policies of the TSX Venture Exchange.
The Company's engagement of Virtus is subject to the acceptance of the TSX Venture Exchange.
About Magor Communications:
Magor enables people to engage in high-quality visual conversations while simultaneously sharing, viewing and editing relevant collaborative material on desktops, laptops, tablets, smartphone applications, whiteboards and other devices. Magor fits any workflow so that users have the freedom to work together naturally anytime, regardless of location, network or device. To find out more about Magor Corporation (TSX-V: MCC), visit our website at http://www.magorcorp.com.
About Virtus Advisory Group:
Virtus is a Toronto-based consulting firm, that provides select private and publicly listed companies with business consulting and investor relations services. Virtus specializes in taking a unique and collective approach in bringing all necessary parties together to help clients achieve their capital markets objectives.
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.
SOURCE Magor Corporation