Matador Technologies Inc. Issues Correction
December 12 2024 - 9:41PM
Matador Technologies Inc. (“
Matador” or the
“
Company”) wishes to issue a correction
related to its previously announced press release dated December
12, 2024, (the "
Release") in which the Company
indicated it is focusing on digitizing real-world assets on the
Bitcoin blockchain, and strategically deploying Bitcoin into other
high potential projects building on top of the Bitcoin network.
While Matador believes in the potential of
utilizing blockchain for data management, scalability, and to
incentivize young buyers to participate in the gold market, it has
no definitive plans to adopt digitized assets in its service
offerings or build on top of the Bitcoin network at this present
time, other than in its proprietary application for the purchase
and sale of gold.
Matador’s focus at the present time remains the
development of its proprietary application for the purchase and
sale of gold, as disclosed in its filing statement dated November
29, 2024, (the "Filing Statement") which continues
to be on target for launch in early 2025. At current, the Company
plans to incorporate blockchain-based data management technologies
in the development of its proprietary application in order to
enhance transparency and security, and ensure that transaction data
is immutable, easily auditable, and decentralized, to protect
against tampering and unauthorized access. To the extent that
Matador determines to implement other operations related to Bitcoin
or other blockchain technologies, such operations will be subject
to the TSX Venture Exchange and applicable regulatory
approvals.
The Release contains statements attributed to
Sunny Ray and Deven Soni, and the 'About Matador' section, which
are inconsistent with the business description of Matador as
disclosed to the TSX Venture Exchange and as outlined in the Filing
Statement. While the Company remains excited for future potential
prospects associated with the Bitcoin ecosystem, Matador is
currently focused solely upon its proprietary application for the
purchase and sale of gold.
For greater certainty, the following section is
to replace the 'About Matador' section in the Release:
About Matador Technologies
Inc.
The Company was incorporated under the ABCA on
November 1, 2021, and its registered and head office are located at
40 King St. West, Suite 2400, P.O. Box #215, Toronto, Ontario, M5H
3Y2. The Company aims to democratize the gold buying experience,
combining the best of modern technology and time-proven assets, to
create an app that will allow users to buy, sell, and store gold
24/7, with the added security and flexibility of an encrypted
mobile application.
For additional information, please
contact:
Matador Investor Relations
Contact:Sunny RayE: sunny@matador.networkP:
647.297.4760
Matador Marketing & Media
Contact:Kimberly VerdinE: marketing@matador.networkP:
647.831.1146
Connect with
Matador: Website | Linkedin | X.com
Cautionary Statement Regarding
Forward-Looking Information
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 RELEASE.
This news release does not constitute an offer
to sell or the solicitation of an offer to buy any securities in
any jurisdiction.
This news release contains certain
forward-looking statements, including statements relating to
whether or not the Company engages in any future operations related
to Bitcoin Ordinals or other blockchain technologies, and other
statements that are not historical facts. Wherever possible, words
such as “may”, “will”, “should”, “could”, “expect”, “plan”,
“intend”, “anticipate”, “believe”, “estimate”, “predict” or
“potential” or the negative or other variations of these words, or
similar words or phrases, have been used to identify these
forward-looking statements. These statements reflect management’s
current beliefs and are based on information currently available to
management as at the date hereof.
Forward-looking statements involve significant
risk, uncertainties and assumptions, including regulatory approvals
and the availability of financing. Many factors could cause actual
results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements.
These factors should be considered carefully and readers should not
place undue reliance on the forward-looking statements. Although
the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions,
the Company cannot assure readers that actual results will be
consistent with these forward-looking statements.
These forward-looking statements are made as of
the date of this press release, and the Company assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by law.