GSK:CC - Goldseek Intersects 3.18 g/t Gold over 12.08 Metres at Beschefer
(TheNewswire)
VANCOUVER, BC – TheNewswire - April 5, 2022 - SWMBRD Sports Inc.(CSE:SWIM. CN ) (“ SWMBRD ” or the “ Company ”) is pleased to announce that it has entered into an independent contractor agreement dated April4, 2022 with Black Tag Inc. (“ Black Tag ”), pursuant to which Black Tag’sprincipal, Mr. Chris Kypriotis, who is the former Vice President ofNike Inc. and former President of Nike Brazil, has agreed to provide management, leadership andstrategic advisory services to the Company as a director and asChairman of the Company in consideration for:(i) a signing bonus in the amount of $387,750, which amount may besettled by the issuance of 4,700,000 common shares of the Company at adeemed price of $0.0825 per share (subject to release over a 36 monthescrow period); and (ii) a monthly fee of $7,000, plus any applicabletaxes, which fees will be paid retroactively from January 1, 2022. Theterm of the agreement commenced on April 4, 2022 and will continue fora term to expire on the earlier of April 4, 2025, or the date that theCompany enters into an executive employment agreement with Mr.Kypriotis as its CEO.
About SWMB RD Sports Inc.
SWMBRD Sports Inc. is a Vancouver, B.C. based sporting goods companylooking to enable millions to rethink their way of recreating in thewater. Management believes that SWMBRD’s proprietary aquatic sportsboard, by virtue of its patented design, is revolutionary in how itempowers the human body in the water like nothing before, giving waterlovers of all ages and abilities the freedom to explore all aquaticenvironments with ease.
By offering an aquatic board sport that is versatile, easy to use,easy to store, and which can be used by all ages and body types in anybody of water (rivers, oceans, lakes and pools), the Company believesthe sport of swimboarding has the potential to become one of the mostpopular board sports in the world, and SWMBRD a great aquatic brand.
The Company has refined manufacturingtechniques most relevant to the SWMBRD and has successfully produceddemonstration fleets of fully functioning boards, which have been inrigorous real-world use in Hawaii, Canada and Greece. The Company isnow preparing to commence large scale mass production under an OEMagreement with Tahe Outdoors of Vannes, France - the preeminent boardsport manufacturer in Europe. It is SWMBRD’s intention to haveSwimboards available for sale in December of 2022.
For further information please contact:
Justin Schroenn – President, Chief Executive Officer and Director
E-mail: justin.schroenn@swmbrd.com
Telephone: 778-870-1497
Matthew Schroenn – Vice President and Director
E-mail: matthew.schroenn@swmbrd.com
Telephone: 604-375 4664
Gareth Schroenn - Vice President
E-mail: gareth.schroenn@swmbrd.com
Telephone: 604-339-2721
Forward-Looking Information
Certain statements in this news release related to the Company areforward-looking statements and are prospective in nature including thestatements regarding: the proposed appointment of ChrisKypriotis as a director and asChairman of the Company in consideration for thesigning bonus, which may be settled in common shares (subject toescrow requirements) and payment of certain consulting fees; the termof the agreement with Black Tag continuing until the earlier of April4, 2025 or the date that the Company enters into an executiveemployment agreement with Mr. Kypriotis as its CEO; that thesport of swimboarding has potential to become one of the most popularboard sports in the world and that SWMBRD may become a well known andrecognized aquatic brand; and the Company’s plan to mass produce theswimboard under an OEM agreement with Tahe Outdoors. Forward-lookingstatements are not based on historical facts, but rather on currentexpectations and projections about future events and are thereforesubject to risks and uncertainties which could cause actual results todiffer materially from the future results expressed or implied by theforward-looking statements. These statements generally can beidentified by the use of forward-looking words such as “may”,“should”, “could”, “would”, “intend”, “estimate”,“plan”, “anticipate”, “expect”, “believe” or thenegative thereof or similar variations. There are numerous risks anduncertainties that could cause actual results and the Company’splans and objectives to differ materially from those expressed in theforward-looking statements, including: business disruption risksrelating to COVID-19; that the terms of the consulting agreement,including the proposed appointment of Chris Kypriotis as a director and as Chairman of the Company, may not occur as anticipated; that the termof the consulting agreement with Black Tag may be terminated earlierthan anticipated for various reasons and/or that the Company may notenter into an executive employment agreement with Mr. Kypriotis as itsCEO in the future; that the sport of swimboarding and SWMBRDbrand may fail to gain popularity and/or recognition as anticipated;and the Company’s plan to mass produce the swimboard may not occuras anticipated or at all; and other risks outlined in the Company'spublicly filed documents available on SEDAR. Actual results and futureevents could differ materially from those anticipated in suchinformation. These and all subsequent written and oral forward-lookingstatements are based on estimates and opinions of management on thedates they are made and are expressly qualified in their entirety bythis notice. Except as required by law, the Company does not intend toupdate these forward-looking statements.
Copyright (c) 2022 TheNewswire - All rights reserved.