Neptune Dash Technologies Announces Appointment of New Director and Corporate Update
January 22 2020 - 8:30AM
Neptune Dash Technologies Corp. (“
Neptune” or the
“
Company”) (TSX.V:DASH) (OTC:NPPTF) (FWB:1NW)
announces that Mitchell Demeter has been appointed an independent
director of the Company.
Demeter is a serial entrepreneur with a vast
range of experience in blockchain, cryptocurrency exchanges and
currency trading. He is an expert at building strategic
relationships and recognizing profitable opportunities in the early
stages. Mitchell has been in the cryptocurrency space since its
infancy. He brought the world its first Bitcoin ATM and first
physical Bitcoin brokerage in 2013. Mr. Demeter was also the
Co-Founder of one of Canada’s first cryptocurrency exchanges,
Cointrader, where he established several key global relationships
and led the exchange to profitability prior to its acquisition in
2015. Mitchell is currently the President of Netcoins Inc, a
leading Canadian online cryptocurrency brokerage and wholly owned
subsidiary of BIGG Digital Assets Inc. based in Vancouver.
“We welcome Mitchell Demeter to the board of
directors. Mitchell has an extensive background in the
cryptocurrency space and we look forward to capitalizing on his
vast knowledge of blockchain, cryptocurrency, exchanges, trading
and their related technologies in order to grow Neptune’s balance
sheet and revenues,” said Cale Moodie, CEO.
Grant of Restricted Share Units and
Cancellation of Stock Options
The Company also announces the award of an
aggregate of 280,001 restricted share units
(“RSUs”) under the Company’s share compensation
plan to directors, officers, employees and consultants. Each RSU
represents a right to receive one common share of the Company,
following the vesting of such restricted share units. The RSU award
vest immediately on the award date.
The Company and certain directors, officers,
employees and consultants of the Company have agreed to cancel an
aggregate of 3,075,000 stock options (the “Cancelled
Options”) previously held by such directors, officers,
consultants and employees.
Under the Company’s share compensation plan (the
“Plan”), the Company may grant up to an aggregate
of 6,520,133 stock options. Upon completion of the cancellation,
the Company will have nil stock options outstanding under the
Plan.
About Neptune Dash Technologies
Corp.
Neptune Dash primarily builds and operates
masternodes and invests in blockchain related technologies. Neptune
Stake is a wholly owned subsidiary of Neptune Dash and adds
diversification to the Company’s cryptocurrency portfolio by
investing in Proof of Stake tokens and their associated blockchain
technologies.
For further information please contact:
Neptune Dash Technologies Corp.Cale Moodie, President and CEO
Phone: (604) 319-6955 Email: info@neptunedash.com
Neither 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.
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