SWIM:CC - SWMBRD Announces Grant of Restricted Share Units
(TheNewswire)
VANCOUVER, BC, May 29, 2024 - TheNewswire : SWMBRD Sports Inc. (CSE:SWIM) (“SWMBRD” or the “Company) announces today that, subjectto regulatory approval, it has granted an aggregate total of 1,510,500restricted share units (the “RSUs”) to consultants and an officerof the Company in accordance with the Company’s Omnibus EquityIncentive Plan effective May 27, 2024. The RSUs granted will vestimmediately.
The Company also is pleased to announce the successfulregistration of a Republic of Türkiye design patent for theCompany’s proprietary aquatic sports board.
The Republic of Türkiye design patent is in additionto SWMBRD’s existing intellectual property portfolio, coveringmultiple embodiments of its unique aquatic sports board design andassociated accessories, as disclosed in the Company’s final longform prospectus (available on SEDAR, www.sedar.com).
While SWMBRD does not divulge jurisdictions in whichintellectual property applications are still pending, the Company ispleased to keep investors apprised of jurisdictions in whichapplications have been successful, such as the Republic of Türkiyedesign patent now granted.
About SWMBRD 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 isversatile, easy to use, easy to store, and which can be used by allages and body types in any body of water (rivers, oceans, lakes andpools), the Company believes SWMBRD and the sport of swimboarding hasthe potential to become one of the most popular board sports in theworld, and a great aquatic brand.
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 Statements
Certain statements in this press release are forward-lookingstatements and are prospective in nature. Forward-looking statementsare not based on historical facts, but rather on current expectationsand projections about future events, and are therefore subject torisks and uncertainties which could cause actual results to differmaterially 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”, “will”, “could”, “intend”, “estimate”,“plan”, “anticipate”, “expect”, “believe” or“continue”, or the negative thereof or similar variations. Suchstatements are qualified in their entirety by the inherent risks anduncertainties surrounding the Company’s business plan with respectto the engagement of the Executives and the Consultants and theservices to be provided to the Company; the grants of RSUs; theanticipated commercial production and sale of its SWMBRDs; theCompany’s plan to develop itsbrand and the sport of swimboarding; and thoseadditional risks set out in the Company’s public documents filed onSEDAR at www.sedar.com. Such forward-looking statements shouldtherefore be construed in light of such factors, and the Company isnot under any obligation, and expressly disclaims any intention orobligation, to update or revise any forward-looking statements,whether as a result of new information, future events orotherwise.
The Canadian Securities Exchange hasnot reviewed or approved the contents of this news release.
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