/NOT FOR DISSEMINATION IN THE UNITED STATES/
TSXV: MKT
CALGARY, AB, Feb. 11, 2022 /CNW/ - DeepMarkit Corp.,
("DeepMarkit" or the "Company") (TSXV: MKT), a technology
company focused on creating new tools and technologies to aid
businesses in sales development and increasing profitability, is
pleased to provide an update with respect to its previously
announced acquisition ("Acquisition") of First Carbon Corp.
("First Carbon"). As
previously announced on January 17,
2022, the Acquisition has been conditionally accepted by the
TSX Venture Exchange (the "Exchange"). Closing of the
Acquisition and non-brokered private placement ("Private
Placement") is subject to receipt of final approval from the
Exchange upon satisfaction of all remaining conditions. The Company
is working expeditiously to satisfy the remaining conditions.
All DeepMarkit common shares issued pursuant to the Acquisition
and Private Placement will be subject to a four month hold period
required under applicable securities laws and the policies of the
Exchange. Trading in DeepMarkit's common shares is currently halted
pending final approval from the Exchange for the Acquisition and
Private Placement. Trading is expected to resume two business days
following the issuance of the Exchange's bulletin confirming that
final approval for the Acquisition has been issued.
Overview of First Carbon
First Carbon Corp. ("FCC") is a software infrastructure
company operating in the tokenization vertical of the blockchain.
FCC's primary asset, MintCarbon.io, is a web-based,
software-as-a-service platform that facilitates the minting of
carbon credits into non-fungible tokens. MintCarbon.io is currently
completing testing in anticipation of the official launch of
the platform.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a technology company focused on creating new
tools and technologies to aid businesses in sales development and
increasing profitability.
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, Interim CEO
Web: www.deepmarkit.com
Twitter: @DeepMarkit
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
CAUTIONARY STATEMENT
Statements in this press release may contain forward-looking
information. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to
be forward-looking statements. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of DeepMarkit.
Factors that could cause the actual results to differ materially
from those in forward-looking statements include, but are not
limited to, failure to obtain final regulatory approval for
Acquisition, inability to complete the Private Placement, or
failure to complete the Acquisition on the terms proposed, or at
all. The reader is cautioned not to place undue reliance on any
forward-looking information. Completion of the Acquisition is
subject to a number of conditions, including but not limited to,
execution of the Definitive Agreement and acceptance by the
Exchange.
The forward-looking statements contained in this press release
are made as of the date of this press release and DeepMarkit does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
securities law.
SOURCE DeepMarkit Corp.