(TheNewswire)
February 9, 2021 - TheNewswire - Vancouver, BritishColumbia - Cloud Nine (CNSX:CNI.CN) (OTC:CLGUF) is pleasedto announce the appointments of Kant Trivedi to Cloud Nine’s Boardof Directors and Nilda Rivera as Chief Financial Officer and CorporateSecretary effective immediately.
Kant has over 20 years of experience building andmanaging world-class customer operations within the Technology,Telecommunications, Financial Services and Blockchain sectors. Kantis a co-founder and Director of Blockfusion Technologies Inc.(Blockfusion), a technology company building the world's largestblockchain and AI infrastructure. Blockfusion has been investing innew capabilities to offer end-to-end crypto services to fuelmainstream crypto adoption and stay at the forefront of futuretechnology advancements. Before founding Blockfusion, Kant was ChiefOperating Officer & Managing Director (Partner) at GreenwichAssociates, a consulting firm that works with over 260 of the largestbanks and Fintech firms globally, which he successfully led to anexit. He also held several senior leadership positions with RogersCommunications Inc. (TSX: RCI.B NYSE: RCI), one of Canada's largestcommunications and media companies. Kant authored and implemented theRogers Enterprise Business Unit customer operations strategy and ledaward-winning teams responsible for Fixed land-line, Mobile, DataCenter, Colocation, Cloud and Internet of Things (IoT), supportingrevenue growth to over $1.9 billion. Prior to Rogers CommunicationInc. Kant was General Manager at Look Communications (previouslyInternet Direct TSX: IDX) and was accountable for the operations andtechnology teams, supporting its growth from a market capitalizationof $20 million to $1.5 billion. Kant holds an MBA from Queen'sUniversity. He is involved with charitable organizations like theUnited Way and Indus Community Services and sits on the board ofseveral public companies, including Norsemont Mining (CNSX:NOM).
Allan Larmour, CEO, stated, “On behalf of the Board,I am very pleased to welcome Kant Trivedi to the Company. WithKant’s extensive blockchain technology experience and leadershiproles, his expertise and guidance will be of great value to Cloud Nineas the Company executes its growth strategy.”
Ms. Rivera has over 20 years of experience in corporateand operational finance and managed publicly listed companies in theareas of accounting, finance, regulatory compliance and corporategovernance. She was involved in IPOs, RTOs and mergers andacquisitions in several industries including cannabis, hemp, resourceand technology, and assisted various start-up companies in achievingpublic listings on the CSE, TSXV and OTC, and their uplisting to theTSX and NYSE. Prior to joining Cloud Nine, Ms. Rivera served as VicePresident of Finance and Corporate Secretary at Aurora Cannabis Inc.(TSX: ACB NYSE: ACB) where she was instrumental in building itsfinance team, and involved in completing its early equity and debtfinancings and its uplisting to the TSX and NYSE. She has also servedas CFO, Corporate Secretary and a director for several public miningand exploration companies.
“We are excited to welcome Nilda to Cloud Nine’sexecutive team, “stated Allan Larmour, CEO. “Her caliber andconsiderable experience in corporate finance with public companieswill be of great benefit to us as we anticipate her to be an importantpart of our growth.”
Ms. Rivera will replace Kulwant Sandher who will remaina director of the Company.
Pursuant to the Company’s Stock Option Plan, theCompany granted to its new director and officer stock options topurchase 200,000 common shares of the Company exercisable at $1.08 pershare for a period of five years. The options will vest quarterly overa period of two years.
ON BEHALF OF THE BOARD
Cloud Nine Education Group Ltd.
Allan Larmour
CEO
Neither the Canadian Securities Exchange nor itsregulation services provider accepts responsibility for the adequacyof accuracy of this release. No stock exchange, securities commissionor other regulatory authority has approved or disapproved theinformation contain herein.
Disclaimer for Forward-Looking Information
Certain statements in this press release areforward-looking statements and are prospective in nature.Forward-looking statements are not based on historical facts, butrather on current expectations and projections about future events,and are therefore subject to risks and uncertainties which could causeactual results to differ materially from the future results expressedor implied by the forward-looking statements. These statementsgenerally can be identified by the use of forward-looking words suchas “may”, “should”, “will”, “could”, “intend”,“estimate”, “plan”, “anticipate”, “expect”,“believe” or “continue”, or the negative thereof or similarvariations. Forward-looking statements in this news release includestatements regarding the use of proceeds of the Offering. Suchstatements are qualified in their entirety by the inherent risks anduncertainties that the proceeds of the Offering may be used other thanas set out in this news release and other factors beyond the controlof the Company. Such forward-looking statements should therefore beconstrued in light of such factors, and the Company is not under anyobligation, and expressly disclaims any intention or obligation, toupdate or revise any forward-looking statements, whether as a resultof new information, future events or otherwise.
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