07:17:09 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



ParcelPal Technology Inc
Symbol PKG
Shares Issued 25,401,511
Close 2017-05-08 C$ 0.125
Market Cap C$ 3,175,189
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ParcelPal Technology appoints Hinam as director

2017-05-09 10:39 ET - News Release

Mr. Kelly Abbott reports

PARCELPAL ANNOUNCES APPOINTMENT OF ADDITIONAL DIRECTOR

ParcelPal Technology Inc. has appointed Peter Hinam to its board of directors.

From November, 2012, to April, 2017, Mr. Hinam was the chief executive officer, president and a director of Turquoise Capital Corp., a capital pool corporation listed on the Toronto Venture Exchange. Turquoise Capital successfully completed its qualifying transaction in April, 2017, raising $5.3-million after merging with Brazilian producing diamond mine (Five Star Diamonds Inc.).

In 2013, Mr. Hinam co-founded MMJ Bioscience Inc., which has since merged, in a $26-million deal, with Phytotech Medical Ltd. Mr. Hinam served as a director and the vice-president of acquisitions for MMJ Bioscience until January, 2015. MMJ Phytotech now trades on the ASX.

Kelly Abbott, president and chief executive officer of ParcelPal, commented on Mr. Hinam's appointment: "I am very pleased that Peter has agreed to join our board of directors. Peter has an extensive background in the public markets and has a demonstrated track record of creating shareholder value. Peter will bring valuable perspective to our company's business strategies with his extensive experience, business acumen and proven leadership abilities."

The board of directors of the company now comprises Jason Moreau, Kelly Abbott, Ian Tostenson, Martin Woodward, Benjamin Catalano and Peter Hinam.

Mr. Hinam has received 100,000 options upon his appointment to ParcelPal's board of directors.

About ParcelPal Technology Inc.

ParcelPal is a technology-driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and, through the ParcelPal technology, receive their purchased goods within an hour. The company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities across Canada.

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