TSXV: MKT OTC: MKTDF FRA:
DEP
CALGARY,
AB, Aug. 19, 2022 /CNW/ - DeepMarkit Corp.,
("DeepMarkit" or the "Company")
(TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on
transitioning the global carbon offset market to the more
accessible digital economy by minting carbon offsets onto the
blockchain, announces that it has granted an aggregate of
15,800,000 restricted share units ("RSUs") to directors,
officers, employees and consultants in accordance with the
Company's equity compensation incentive plan ("Incentive
Plan"), and as compensation for ongoing services rendered to
the Company. Each RSU, once vested, will allow the holder to
acquire one Common Share of the Company. The RSUs vest on
August 19, 2023, subject to earlier
vesting in the event of a change of control and subject to the
policies of the TSX Venture Exchange (the "Exchange"), and
expire on August 19, 2027.
The purposes of the Incentive Plan will be to: (i) provide the
Company with a mechanism to attract, retain and motivate highly
qualified directors, officers, employees and consultants; (ii)
align the interests of eligible participants of the Incentive Plan
with that of other shareholders of the Company generally; and (iii)
enable and encourage participants to participate in the long-term
growth of the Company through the acquisition of RSUs and Common
Shares as long-term investments.
While the Incentive Plan has been adopted by the board of
directors of the Company, it remains subject to ratification by
shareholders of the Company and approval of the Exchange. In
accordance with the policies of the Exchange, the Company is
required to obtain disinterested shareholder approval for the
implementation of the Incentive Plan, as well as any grants
completed under the Incentive Plan prior to such approval being
obtained. These approvals will be sought at the upcoming meeting of
shareholders of the Company. Any shareholders who are entitled to
receive RSUs in accordance with the Incentive Plan will be excluded
from voting on any resolution to ratify the implementation of the
Incentive Plan and any resolution ratifying the RSU grant to the
interested shareholder. No RSUs will vest, and no common shares of
the Company will be issued in connection with any outstanding RSUs,
until such time as the Incentive Plan has received approval of
disinterested shareholders and the TSX Venture Exchange. In the
event such approvals are not received prior to December 31, 2022, all RSUs will be automatically
cancelled without any further right or entitlement.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a company focused on democratizing access to
the voluntary carbon offset market by minting offsets into NFTs.
Its common shares are listed on the TSX Venture Exchange under the
"MKT" stock symbol, on the OTC market in the United States under the "MKTDF" symbol and
on the Frankfurt Stock Exchange under the "DEP" symbol. DeepMarkit
Corp. is a software infrastructure company operating in the
tokenization vertical of the blockchain. Its primary asset,
MintCarbon.io, is a web-based platform that facilitates the minting
of carbon offsets into NFTs (based on the ERC-1155 standard) or
other secure tokens (based on the ERC-20 standard).
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, CEO
Web: www.deepmarkit.com/
Twitter: @DeepMarkit
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 news release.
CAUTIONARY STATEMENT
Statements in this news release may contain forward-looking
information. Any statements that are contained in this news release
that are not statements of historical fact may be deemed to be
forward-looking statements, including statements relating to
obtaining shareholder ratification for the Incentive Plan and RSU
grants, Exchange approval in connection therewith, and the
respective timing thereof. The reader is cautioned that assumptions
used in the preparation of any forward- looking information may
prove to be incorrect. Events or circumstances may cause actual
results to differ materially from those predicted, as a result of
numerous known and unknown risks, uncertainties, and other factors,
many of which are beyond the control of DeepMarkit.
Additional information regarding risks and uncertainties of the
Company's business are contained under the heading "Business Risks
and Uncertainties" in the Company's MD&A in respect of the
period ended March 31, 2022 and the
Company's other public filings which are available under the
Company's profile on SEDAR at www.sedar.com. Various factors can
cause the actual results to differ materially from those in
forward-looking statements. The reader is cautioned not to place
undue reliance on any forward-looking information.
The forward-looking statements contained in this news release
are made as of the date of this news release and DeepMarkit does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
securities law.
SOURCE DeepMarkit Corp.