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MPX BIOCEUTICAL CO (OTCMKTS:MPXEF) Engages New Chief Financial Officer

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MPX BIOCEUTICAL CO (OTCMKTS:MPXEF) reported the engagement of David McLaren as the firm’s new Chief Financial Officer, from January 15, 2018, contingent to regulatory approval. McLaren brings financial experience of more than 25 years, having spent the previous 10 years at the CFO role.

The details

Prior to joining MPX Bioceutical, McLaren was Chief Financial Officer for Ontario Drive & Gear Ltd for the last two years and earlier Chief Financial Officer for Redpath Sugar Limited, Nealanders International Inc and Belmont Meats Limited. McLaren also served on senior finance roles with leading companies.

McLaren is a CPA. He has earned his Honors Bachelor of Commerce degree from renowned McMaster University. In 2012, he was honored with a Fellowship from the CPA Association in appreciation of his career achievements as well as contribution to the Association.

Scott Boyes, the CEO, Chairman and President of MPX Bioceutical, expressed that the board would like to convey their gratitude to Randy Stafford, for his service as interim CFO over the course of company’s initial year of expansion. He is also extremely delighted that McLaren is joining the MPX Bioceutical management team and he consider his financial experience will be a remarkable asset as company continues to grow.

MPX also reported that a total of around 8.48 million stock options to buy common shares of company were granted to directors, employees, consultants and officers of the firm and its subsidiary firms at an exercise price of $0.86 a share and closing on January 15, 2023. This grant is subject to regulatory nod.

Under the firm’s stock option plan, 9.03% of the issued and due common shares or around 31.46 million common shares are kept for issuance, counting the above grant, and the firm may grant an additional around 3.398 million options under the Stock Option Program exhibiting 0.97% of the issued and due common shares.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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