VANCOUVER, BC, June 21,
2024 /CNW/ - Datable Technology Corporation
(TSXV: DAC) (OTC Pink: TTMZF) (the "Company" or "Datable")
announces that shareholder approval was obtained at the Company's
September 9, 2022 annual general meeting, to the Company's
amended Fixed Share Option Plan and amended Fixed Restricted Share
Unit Plan, as conditionally approved by the TSX Venture
Exchange. The Company's Fixed Share Option Plan and Fixed
Restricted Share Unit Plan were amended to comply with the
requirements of the new TSX Venture Exchange policy governing
security-based compensation which became effective November 24, 2021.
One of the provisions to the Company's amended Fixed Share
Option Plan is allowing option holders to exercise options on a
"Cashless Exercise" or "Net Exercise" basis, as now expressly
permitted by new TSX Venture Exchange Policy 4.4- Security Based
Compensation.
Shareholders also approved an increase of the maximum number of
common shares under the amended Fixed Share Option Plan and amended
Fixed Restricted Share Option Plan by an additional 5,280,257
Common Shares, to a total fixed maximum of 16,199,744 Common Shares
under each Plan.
Additional details regarding the amendments to the Fixed Share
Option Plan and Fixed Restricted Share Unit Plan and the increases
of maximum number of Common Shares, are contained in the
information Circular filed on SEDAR+ in respect of the September 9, 2022 annual general meeting.
Complete copies of the amended Fixed Share Option Plan and
amended Fixed Restricted Share Unit Plan are available for viewing
under the Company's profile on SEDAR at www.sedarplus.ca.
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.
Forward-Looking Statements
This news release contains certain forward-looking statements,
including, but not limited to, 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. 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 news 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. The Company
assumes no obligation to update or revise them to reflect new
events or circumstances, except as required by law.
SOURCE Datable Technology Corp.