MKT:CC - DeepMarkit Announces Proposed Share Consolidation Resignation of Director and Change of Auditor
(TheNewswire)
Calgary, A B - TheNewswire - May 12, 2023 - DeepMarkit Corp. (“DeepMarkit” or the “Company”)(TSXV:MKT) (OTC:MKTDF) (FRA:DEP) announces thatit intends to consolidate its common shares (the " Shares ") on thebasis of up to forty (40) pre-consolidation Shares for one (1)post-consolidation Share (the " Consolidation "). The specific Consolidation ratio will be determined by the Companyfollowing receipt of shareholder approval. The Company expects to holda special meeting to vote on the Consolidation on June 8, 2023 (the" Meeting "). The materials for the Meeting will be mailed toshareholders and copies will be available on the Company's profile at www.sedar.com in accordancewith the timelines set out in the Business Corporations Act (Alberta), and National Instrument 54-101 Communication with Beneficial Owners ofSecurities of a Reporting Issuer . If theConsolidation is implemented, all outstanding options, warrants andrestricted share units will be adjusted to reflect the Consolidation. The Company will provide more information about the Consolidation,including the anticipated effective date, Consolidation ratio, andinstructions to shareholders, following the Meeting.
Resignation of Director
The Company announces that James Henning has resignedas a director of the Company. The Company thanks Mr. Henning for hisservices to the Company and wishes him the very best in his futureendeavors.
Auditor Change
The Company also announces that it has changed itsauditors from Crowe MacKay LLP ("Crowe") to SRCOProfessional Corporation, Chartered Professional Accountants(" SRCO ").
Crowe resigned effective May 5, 2023. There were nomodified opinions expressed in Crowe's reports on any of theCompany’s audited financial statements, and no reportable eventsbetween the Company and Crowe. In accordance with NationalInstrument 51-102, the Notice of Change of Auditor, together with the required letters from Crowe, as the former auditor, and SRCO, asthe successor auditor (collectively, the " Reporting Package "), has been reviewed and approved by the DeepMarkit'sboard of directors and the Reporting Package has been filed on SEDAR.
The Company is grateful to Crowe for its services asthe Company's auditor since 2008.
DeepMarkit Corp. is a technology company focused ondemocratizing access to the voluntary carbon offset market by mintingoffsets into NFTs. Its common shares are listed on the TSX VentureExchange under the “MKT” stock symbol, on the OTC market in theUnited States under the “MKTDF” symbol and on the Frankfurt StockExchange under the “DEP” symbol. DeepMarkit Corp. is a softwareinfrastructure company operating in the tokenization vertical of theblockchain. Its primary asset, MintCarbon.io, is a web-based platform that facilitates the minting of carbonoffsets into NFTs (based on the ERC-1155 standard) or other securetokens (based on the ERC-20 standard).
On behalf of:
"Ranjeet Sundher"
Ranjeet Sundher, CEO
For more information, pleasecontact:
Ranjeet Sundher, CEO
Tel: 403-537-0067
Email: corp@deepmarkit.com
Web: www.deepmarkit.com/
Twitter: @DeepMarkit
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this news release.
Statements in this news release may containforward-looking information. Any statements that are contained in thisnews release that are not statements of historical fact may be deemedto be forward-looking statements, including statements relating to thecompletion of the Consolidation and the timing for the holding of ashareholder meeting to approve same. The reader is cautioned thatassumptions used in the preparation of any forward-looking information may proveto be incorrect. Events or circumstances may cause actual results todiffer materially from those predicted, as a result of numerous knownand unknown risks, uncertainties, and other factors, many of which arebeyond the control of DeepMarkit. Additionalinformation regarding risks and uncertainties of the Company'sbusiness are contained under the heading "Business Risks andUncertainties" in the Company's MD&A in respect of theinterim period ended December 31, 2022 and the Company's other publicfilings which are available under the Company's profile on SEDAR atwww.sedar.com. Various factors can cause theactual results to differ materially from those in forward-lookingstatements. The reader is cautioned not to place undue reliance on anyforward-looking information.
The forward-looking statements contained in this newsrelease are made as of the date of this news release and DeepMarkitdoes not undertake any obligation to update publicly or to revise anyof the included forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bysecurities law.
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