(TheNewswire)
Calgary, Canada - TheNewswire –March 3, 2021 – DeepMarkit Corp., ("DeepMarkit" or the"Company") (TSXV:MKT) announcesthat its shareholders have approved a consolidation of its outstandingcommon shares (" CommonShares "). It is expected that theCompany's Common Shares will begin trading on a post-consolidatedbasis on the TSX Venture Exchange (" TSXV ") three tofive days following receipt of TSXV approval.
At the annual general and special meeting ofshareholders held on March 1, 2021 (the " Meeting "),shareholders of the Company approved the consolidation of theCompany's Common Shares on the basis of one (1) post-consolidationshare for every five (5) pre-consolidation shares (the" Consolidation "). In addition,shareholders of the Company elected each nominated director, appointedCrowe MacKay LLP, Chartered Accountants as the auditors of theCompany, and re-approved the Company's incentive stock optionplan.
The Company currently has 17,745,967 Common Sharesissued and outstanding. Following completion of the Consolidation,if approved by the TSXV, the Company will have approximately 3,549,193Common Shares issued and outstanding. The Company will not be changingits name in connection with the Consolidation.
The Company expects to complete the Consolidationfollowing receipt of TSXV approval.
AboutDeepMarkit
DeepMarkit is an ecommerce technology company inventing new ways toengage consumers and other audiences. The Company’s proprietaryplatform enables online merchants to create a wide variety of brandedmarketing displays and promotional campaigns that incentivizecustomers, thus driving sales, capturing data and generating leads.
DeepMarkit’s shares are listed on the TSX Venture Exchange, symbolMKT.
For more information, please contact:
President & CEO
Darold H. Parken
Tel: 403-537-0067
Email: dparken@deepmarkit.com
Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisnews release.
CAUTIONARYSTATEMENT
Statements in this press release may containforward-looking information including, statements regarding thepotential consolidation of shares or the required regulatoryapprovals. Any statements that are contained in this press releasethat are not statements of historical fact may be deemed to beforward-looking statements. The reader is cautioned that assumptionsused 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. Factors that could cause the actualresults to differ materially from those in forward-looking statementsinclude, but are not limited to, failure to obtain necessaryregulatory approvals or other causes. The reader is cautioned not toplace undue reliance on any forward-looking information.
The forward-looking statements contained in thispress release are made as of the date of this press release andDeepMarkit does not undertake any obligation to update publicly or torevise any of the included forward-looking statements, whether as aresult of new information, future events or otherwise, except asrequired by securities law.
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