DeepMarkit Announces Option Grants and Investor Relations Service Provider Engagements
TSXV: MKT OTC: MKTDF FRA: DEP
CALGARY, Alta., March 9, 2022 /CNW/ – DeepMarkit Corp., (“Deep Markit“ or the “Company“) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a technology company focused on creating new tools and technologies to help companies grow their sales and increase their profitability, announces that it has granted options purchase plan allowing holders to purchase 3,900,000 ordinary shares in the capital of the Company (“Ordinary actions“) to directors, officers, employees and consultants of the Company and its wholly-owned subsidiary, First Carbon Corp., pursuant to the Company’s stock option plan, and subject to regulatory approval and the TSX Venture Exchange (the “To exchange“). The options were issued with an exercise price of $0.85 per common share and, except as described herein, vest immediately and have a term of two (2) years.
The Company also announces that it has entered into agreements for investor relations or outreach services with Star Finance GmbH, GRIT Capital Corp. and Octagon Media Corp. Each of these commitments remains subject to Exchange approval and the key terms of each are highlighted below:
GRIT Capital Corp.
DeepMarkit engaged GRIT Capital Corp. (“GRIT Capital“), a financial media company, for media promotion and advertising services to be performed for an initial term of 24 weeks. Under the terms of the agreement, the Company will pay GRIT Capital an initial commission of $75,000. GRIT Capital does not own or control any common shares or other securities of the Company. GRIT Capital’s commitment remains subject to stock exchange approval.
DeepMarkit has entered into a consultancy agreement (the “Star Funding Agreement“) with Star Finance GmbH (“Star Funding“), a Swiss-based company for European investor relations and communication services. Star Finance is owned and operated by my Michael Adams who is a communications professional with over 16 years of experience assisting Canadian public companies with investor presentations, primarily in Germany and German-speaking Europe. As part of the Star Finance agreement, Star Finance will create and implement an investor relations program for the company, provide corporate communications consulting and market information services, and oversee dissemination of company information on European markets. Under the Star Finance agreement, Star Finance will receive 100,000 options, with an exercise price equal to the market price (as defined in the exchange policies) on the date of issue (being $0.85). The options granted to Star Finance will be exercisable for a period of two (2) years and will vest in one-quarter increments every three months from the date of issue. Star Finance will also be reimbursed for pre-approved expenses incurred in connection with services provided under the Star Finance agreement. Star Finance currently holds 474,984 ordinary shares of the Company. Star Finance holds these common shares for investment purposes and may increase or decrease its holdings depending on market factors and other considerations. Star Finance’s commitment remains subject to stock exchange approval.
Octagon Media Corp. (doing business as The Wall Street Reporter)
DeepMarkit recently hired Wall Street Reporter as part of Octagon Media Corp. (“WSR“) of Las Vegas, Nevada for investor marketing services (the “WSR Services“) to help the Company improve its online profile with the investment community. The term of the engagement is for a period of six months (the “Term“), subject to the terms of the marketing services agreement (the “MSA“) signed between the Company and WSR. Pursuant to the terms of the MSA, WSR will receive an initial aggregate cash amount of $250,000 for the WSR Services to be provided during the Term. In addition, WSR will be granted 300,000 options to purchase common shares of the Company at a price equal to $0.85), for a period of eighteen (18) months from the date of issue, in accordance with its stock option plan and the policies of the Bourse. Options will vest in one-quarter increments every three months from the date of issue, in accordance with applicable securities laws and Exchange policies. The Company and WSR are unrelated and unaffiliated entities. WSR is located at 7836 West Sahara Boulevard, Las Vegas, Nevada89117 and can be reached by email at firstname.lastname@example.org or directly by calling (212) 871-2057.
DeepMarkit Corp. is a technology company focused on creating new tools and technologies to help businesses grow their sales and increase their profitability. Its common shares are listed on the TSX Venture Exchange under the ticker symbol “MKT”. DeepMarkit’s wholly-owned subsidiary, First Carbon Corp. (“FCC“), is a software infrastructure company operating in the blockchain tokenization vertical. FCC’s core asset, MintCarbon.io, is a web-based software-as-a-service platform that facilitates the Non-fungible carbon credit minting MintCarbon.io is currently being tested and FCC plans an official launch of the platform in 2022.
Ranjeet Sundherinterim CEO
Neither the 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 press release.
Statements in this press release may contain forward-looking information. All statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including statements relating to the Exchange’s approval of the grants and investor relations agreements described herein. . Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond DeepMarkit’s control. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the inability to obtain final regulatory approval for option grants, or for any any investor relations or promotional agreements described herein. Readers are cautioned not to place undue reliance on forward-looking information.
The forward-looking statements contained in this press release are made as of the date of this press release, and DeepMarkit undertakes no obligation to publicly update or revise any of the forward-looking statements included, whether as a result of new information, future events or otherwise, except as required by securities law.
SOURCE DeepMarkit Corp.
Show original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/09/c9358.html