(TSXV: MKT, OTC: MKTDF)
The Resumption of Trading Follows the
Completion of its Previously Announced Acquisition of First Carbon
Corp. and Up-Sized Non-Brokered Private Placement Offering of
Units
CALGARY, AB, Feb. 22, 2022
/CNW/ - DeepMarkit Corp., ("DeepMarkit" or the "Company")
(TSXV: MKT) (OTC: MKTDF), a technology company focused on creating
new tools and technologies to aid businesses in sales development
and increasing profitability, is pleased to announce that the
common shares of the Company ("DeepMarkit Shares") have been
approved to resume trading under the stock ticker symbol "MKT" on
the TSX Venture Exchange ("TSXV" or the "Exchange")
on Tuesday, February 23, 2022.
Trading in DeepMarkit Shares was halted pending final approval from
the Exchange for the acquisition of all the issued and outstanding
common shares of First Carbon Corp. ("FCC") as well as its
non-brokered private placement offering of units, both of which
were completed on Friday, February 18,
2022.
![DeepMarkit Corp. (TSXV: MKT; OTC: MKTDF) (CNW Group/DeepMarkit Corp.) DeepMarkit Corp. (TSXV: MKT; OTC: MKTDF) (CNW Group/DeepMarkit Corp.)](https://mma.prnewswire.com/media/1749532/DeepMarkit_Corp__DeepMarkit_Shares_to_Resume_Trading_on_the_TSX.jpg)
To coincide with the resumption of trading, DeepMarkit has
updated its website with new information about the Company and FCC,
DeepMarkit's wholly owned subsidiary, including but not limited to
a new investor relations area with updated presentation and other
downloadable materials, which can all be viewed
at www.deepmarkit.com. Readers interested in learning
more about FCC can visit www.firstcarboncorp.com or learning
more about FCC's MintCarbon platform can visit www.mintcarbon.io.
The Company's social media profiles can be found by following
"@DeepMarkit", "@FirstCarbonCo" and "@MintCarbon" on Twitter, on
Facebook by liking the DeepMarkitCorp page, on LinkedIn by
following the DeepMarkit page and by joining the MintCarbon channel
on Discord, among others.
Subsequent to the resumption of trading on the TSXV, the Company
is planning to pursue options to increase the liquidity of
DeepMarkit Shares in Europe as
well as in the United States, to
complement its previous receipt from the Depository Trust Company
(the "DTC") of DTC Eligibility for the trading of its shares
as a Pink-level issuer on the OTC Market under the stock ticker
"MKTDF". For context, securities that are eligible to be
electronically cleared and settled through the DTC are considered
"DTC eligible". This electronic method of clearing securities
expedites the receipt of stock and cash, and thus accelerates the
settlement process for investors and greatly reduces transaction
costs for participating brokerages firms.
Management Commentary
"Finalizing the acquisition of FCC marks an important new
chapter in the evolution of the Company for shareholders. Our team
is excited to integrate FCC and its proprietary platform,
MintCarbon, into our organization. Carbon credit markets represent an exciting
and rapidly growing asset class, therefore the Company looks
forward to leveraging its technology in our pursuit of the minting
of carbon credits into non-fungible tokens on the blockchain for
our clients," said Ranjeet Sundher,
Interim CEO of DeepMarkit. "On behalf of the Board of Directors and
the Company's officers, I would like to thank our employees,
consultants and stakeholders for their support along the way to
reaching this milestone event. I believe that the new DeepMarkit
offers a compelling opportunity to investors who are looking to
address climate change with their capital, while also seeking the
potential for a strong return on their investment," added Mr.
Sundher.
ABOUT DEEPMARKIT AND FCC
DeepMarkit Corp. is a technology company focused on creating new
tools and technologies to aid businesses in sales development and
increasing profitability. Its common shares are listed on the TSX
Venture Exchange under the "MKT" stock symbol.
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
undergoing testing and FCC anticipates an official launch of the
platform in the near future.
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, Interim CEO
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, including statements relating to the
Company's business and corporate plans. 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.