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SER

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:SER TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Serenic Renews Investor Relations Services Agreement With and Grants Stock Options to Cantech Communications

30/11/2011 11:17pm

Marketwired Canada


Serenic Corporation (the "Corporation" or "Serenic") (TSX VENTURE:SER), an
international software developer specializing in integrated financial management
and HCM solutions for not-for-profit organizations, government agencies, and
Microsoft Dynamics NAV users announced today the continued engagement of Cantech
Communications ("Cantech") to provide investor relation and corporate
communication services for the Corporation. Serenic has also granted stock
options to Cantech. 


Based in Vancouver, Cantech specializes in assisting private and public Canadian
companies with an array of services, such as corporate communications,
professional management services, tax credit applications, and grant proposal
assistance. During the 12-month term of the agreement, Cantech will be
compensated with a monthly retainer fee of $3,600 (three thousand six hundred
dollars) and 50,000 (fifty thousand) options to purchase Serenic shares. As
authorized by the Board of Directors of the Corporation, the options have an
exercise price of $0.35, shall vest as to one-fourth on each of February 23,
2012, May 23, 2012, August 23, 2012 and November 23, 2012. Options shall expire
on November 23, 2013 if not exercised by Cantech, and shares acquired on
exercise shall be subject to a 4 month hold period. Pursuant to the terms of the
agreement, either party may terminate the agreement or alternatively change the
scope of services to be provided by Cantech upon 30 days advance notice, while
also adjusting compensation terms to reflect the revised scope of services. In
the event the agreement is terminated prior to November 23, 2013, unexercised
options which have vested shall expire 30 days after the agreement has been
terminated. The stock options issued are in accordance with policies of the
Corporation's stock option plan and the TSX Venture Exchange. 


Serenic Corporation publishes mission-critical software products for
not-for-profits (NFP), educational institutions and governments. The Company's
products are based on leading application and technology platforms from
Microsoft, including Dynamics NAV, SQL Server, and .NET, and are distributed in
North America and internationally through value-added resellers and a direct
sales organization. Serenic Corporation is the exclusive developer of human
resource management and payroll products for Microsoft Dynamics NAV ERP users in
North America. Serenic has offices in Edmonton, Alberta and Denver, Colorado and
staff located throughout the USA and Europe.


ON BEHALF OF THE BOARD OF DIRECTORS

Dwayne Kushniruk, Chairman

Forward-Looking Statements

Certain statements contained in this press release, including statements which
may contain words such as "could", "should", "expect", "anticipate", "believe",
"will", and similar expressions and statements relating to matters that are not
historical facts, are forward looking statements. Such forward looking
statements involve known and unknown risks and uncertainties which may cause the
actual results, performances or achievements of Serenic Corporation to be
materially different from any future results, performances or achievements
expressed or implied by such forward looking statements. Such factors include,
but are not limited to, software industry risks, general business risks, foreign
currency risks, economic dependence risks, and credit risks.


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