RAYL Innovations Announces Appointment of New Director

FinTech StartUps , IT Innovations
05.10.2021 04:20 pm

RAYL Innovations Inc., is pleased to announce that pursuant to the news release dated June 23, 2021 the Company has appointed David Tafel as an additional independent Director of the Company fulfilling another key listing requirement of the TSX Venture Exchange (the “TSX-V”):

David Tafel - Independent Director

Mr. Tafel holds a B.A. in Economics from the University of Western Ontario and contributes over 30 years of corporate structuring, strategic planning, financing, and management experience. He has been an officer and director of several private and publicly listed resource companies. He has been instrumental in raising well over $100 million for resource, life sciences, and technology companies. Mr. Tafel managed private investment funds at the most prominent independent Canadian securities firm.

Nicholas Jeffery, the Company’s President & CEO commented: "The board's quality is critically essential to helping the business with both strategy and governance. I'm thrilled to see the incredible quality of our team growing in lock-step with the roll-out of our RAYL portfolio. Month-by-month, we’re attracting additional core team members into the Company to drive the individual business lines and support corporate infrastructure. The expanded team will form a solid foundation for our near-term plans to have our Company's securities traded on a highly esteemed Canadian stock exchange. This is an exciting moment for RAYL; everything we envisioned with our 3-cornered strategy is commercially available or on track to launch as planned. Additionally, we remain on track with the IPO, targeting Q4-2021 (subject to several items including securities commission and exchange approvals)."