CALGARY,
AB, April 14, 2022 /CNW/ - DeepMarkit
Corp., ("DeepMarkit" or the "Company") (TSXV: MKT)
(OTC: MKTDF) (FRA: DEP), a company focused on democratizing access
to the voluntary carbon offset market by minting credits into
non-fungible tokens ("NFTs"), is pleased to announce that it
will forward split its common shares ("Common Shares") on
the basis of four (4) new Common Shares for each one (1) Common
Share currently outstanding (the "Share Split"). All
shareholders of record on April 21,
2022 will be entitled to receive Common Shares pursuant to
the Share Split.
DeepMarkit currently has 42,465,707 Common Shares issued and
outstanding, which will be increased to 169,862,828 Common Shares
after the Share Split is completed. The Corporation proposes the
Share Split to increase the liquidity of the Common Shares.
As per TSX Venture Exchange ("TSXV") policy, the share
split is being conducted on a "push-out" basis and therefore
DeepMarkit's CUSIP number will remain the same. Shareholders
do not need to take any action with respect to the share
split. Holders of stock options, Common Share purchase
warrants, and broker warrants will be contacted by DeepMarkit to
replace the certificates or agreements representing their
securities, where applicable. The Company has made an application
to the TSXV for the Share Split. The Share Split, as well as
the proposed record date, remains subject to approval by the
TSXV. The Company will issue an additional news release with
more information about the Share Split once additional information
becomes available.
DeepMarkit Corp. is a company focused on democratizing access to
the voluntary carbon offset market by minting credits into NFTs.
Its common shares are listed on the TSX Venture Exchange under the
"MKT" stock symbol. DeepMarkit's wholly owned subsidiary, First
Carbon Corp. ("MKT"), 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 NFTs
(based on the ERC-1155 standard) or other secure tokens (based on
the ERC-20 standard). 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
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 news release may contain forward-looking
information. Any statements that are contained in this news release
that are not statements of historical fact may be deemed to be
forward-looking statements, including statements related to the
expected timing of the record date, and statements relating to
receipt of approval from the TSXV. 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.
Various factors can cause the actual results to differ materially
from those in forward-looking statements. The reader is cautioned
not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this press release
are made as of the date of this news 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.