Deepmarkit Announces Shareholder Approval for Consolidation
Calgary, Canada - TheNewswire – March 3, 2021 – DeepMarkit Corp., ("DeepMarkit" or the "Company") (TSXV:MKT) announces that its shareholders have approved a consolidation of its outstanding common shares ("Common Shares"). It is expected that the Company's Common Shares will begin trading on a post-consolidated basis on the TSX Venture Exchange ("TSXV") three to five days following receipt of TSXV approval.
At the annual general and special meeting of shareholders held on March 1, 2021 (the "Meeting"), shareholders of the Company approved the consolidation of the Company's Common Shares on the basis of one (1) post-consolidation share for every five (5) pre-consolidation shares (the "Consolidation"). In addition, shareholders of the Company elected each nominated director, appointed Crowe MacKay LLP, Chartered Accountants as the auditors of the Company, and re-approved the Company's incentive stock option plan.
The Company currently has 17,745,967 Common Shares issued and outstanding. Following completion of the Consolidation, if approved by the TSXV, the Company will have approximately 3,549,193 Common Shares issued and outstanding. The Company will not be changing its name in connection with the Consolidation.
The Company expects to complete the Consolidation following receipt of TSXV approval.
DeepMarkit is an ecommerce technology company inventing new ways to engage consumers and other audiences. The Company’s proprietary platform enables online merchants to create a wide variety of branded marketing displays and promotional campaigns that incentivize customers, thus driving sales, capturing data and generating leads.
DeepMarkit’s shares are listed on the TSX Venture Exchange, symbol MKT.
For more information, please contact:
President & CEO
Darold H. Parken
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.
Statements in this press release may contain forward-looking information including, statements regarding the potential consolidation of shares or the required regulatory approvals. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. 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. Factors that could cause the actual results to differ materially from those in forward-looking statements include, but are not limited to, failure to obtain necessary regulatory approvals or other causes. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this press release are made as of the date of this press 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.
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