Coco Pool Corp. Announces Change of CFO and Stock Option Grant
29 March 2024 - 3:19AM
Coco Pool Corp. (CCPC.P: TSX-V) (the “Company”), a capital pool
company, announces that, effective March 27, 2024, Mark S.
Kowalski has resigned as CFO of the Company, and the Company has
appointed Sebastien Charles, an existing director and corporate
secretary of the Company as CFO.
Mr. Kowalski resigned as CFO due to competing commitments on his
time but will remain as a director of the Company.
In connection with his resignation Mr. Kowalski agreed to
surrender 20,000 stock options previously granted to him. The
Company has effective today issued a further 20,000 stock options
at an exercise price of $0.075 per share to Mr. Charles. All of the
options are fully vested and have an expiry date of 10 years from
the date of grant.
All of the issued stock options are held in escrow subject to an
escrow agreement made pursuant to TSX Venture Exchange Policy 2.4 –
Capital Pool Companies.
About Coco Pool Corp.
The Company is a capital pool company (“CPC”) within the meaning
of the policies of the TSX Venture Exchange. The Company has not
commenced operations and has no assets other than cash. The Company
proposes to identify and evaluate business and assets with a view
to completing a "Qualifying Transaction" under the TSX Venture
Exchange Policy 2.4 – Capital Pool Companies. The funds raised
under the initial public offering will be used to pursue the
Company's Qualifying Transaction.
For further information contact:
Koby SmutyloPresident and CEOTelephone: (613) 869-5440Email:
koby@lawyercorporation.ca
Investors are cautioned that trading in the securities
of a CPC should be considered highly speculative.
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.
The securities herein described have not been and will
not be registered under the United States Securities Act of 1933,
as amended, or the securities laws of any state, and may not be
offered or sold in the United States unless an exemption from
registration is available. This press release does not constitute
an offer to sell or the solicitation of any offer to buy these
securities in the United States.
Forward-Looking Information Cautionary
Statement
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or the Company’s future performance. The
use of any of the words “could”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. In
particular, the Company’s stated use of proceeds and its
expectation as to the resumption of trading of the common shares on
the TSX Venture Exchange constitute forward-looking information.
Actual results and developments may differ materially from those
contemplated by forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information. The
statements made in this press release are made as of the date
hereof. The Company disclaims any intention or obligation to
publicly update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, except
as may be expressly required by applicable securities laws.
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