HUNTER TECHNOLOGY SECURES SEASONED TECH EXECUTIVES
18 November 2020 - 12:00AM
via InvestorWire – Hunter Technology Corp. (TSX-V: HOC; OTCQB:
HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090)
(“
Hunter” or the “
Company”) is
pleased to announce that it has agreed to appoint Dr. Florian
Spiegl and Mr. Alex Medana as Senior Vice-Presidents.
Hunter has also agreed, through its Swiss
development subsidiary Digiledger Holdings AG, to hire FinFabrik
Limited of Hong Kong (“FinFabrik”), a company
controlled by Dr. Spiegl and Mr. Medana, to develop the Oilex and
OilExchange Platforms. Founded in 2016, FinFabrik is a
Hong-Kong based creator of purpose-driven financial technology,
focused on empowering businesses to access opportunity, take sound
decisions and build wealth.
“The importance of securing proven executives as
well as a development team is pivotal for Hunter Tech in its
development cycle,” said Andrew Hromyk, Hunter’s CEO. “The
successful platform will integrate the critical experience of
seasoned commodity traders who will address the industry’s needs
with a capable development team, incorporated into a user interface
while accelerating industry adoption as the new standard.”
Dr. Florian M. Spiegl Dr.
Spiegl is an innovator and serial entrepreneur in the financial
technology sector. His corporate career expands over several
industries including strategy consulting with the Boston Consulting
Group and asset management with Credit Suisse. A founder of
FinFabrik Limited, a Hong-Kong based creator of purpose-driven
financial technology, he operates at the intersection of
technological innovation and financial markets, aiming to open new
growth horizons for established players. Outside of building
businesses, Florian acts as an advisor to financial services firms
and institutional investors with a focus on change dynamics in
capital markets and digital assets. He is a co-founder of the Hong
Kong FinTech Association and serves on the FinTech Advisory Board
of the Securities and Futures Commission of Hong Kong. Dr.
Spiegl holds a PhD and a MA in Economics and Business
Administration from the University of Vienna.
Mr. Alex Medana Mr. Medana is a
seasoned executive in capital markets and technology. Prior to
founding FinFabrik, Mr. Medana spent 17 years in global tier-1
institutions including Merrill Lynch, Kleinwort Wasserstein, and
Deutsche Bank with executive positions in equities and equity
derivatives trading business units in Europe and APAC. He has been
an entrepreneur and angel investor since 2015, advocating
technology-driven innovation towards more user-friendly financial
services and broader participation. Mr. Medana is a founding board
member of the FinTech Association of Hong Kong, serves on the
Digital Economy Task Force of the UN ESCAP Sustainable Business
Network and has been recognized as a Top 100 FinTech influencer in
Asia.
Dr. Spiegl and Mr. Medana have been granted
incentive stock options to acquire a total of 1,500,000 common
shares of Hunter at a price for $0.75 per share for a period of up
to three years, pursuant to Hunter’s 2019 Incentive Stock Option
Plan. One-third of the options granted will vest every 6 months,
beginning May 17, 2021.About Hunter Technology
Corp. Hunter Technology Corp. is an oil industry service
provider developing interactive platforms to enable the
facilitation of physical oil transactions throughout the trade
lifecycle, with more favourable economics for producers and access
to a fair market for all. Through oilex.com Hunter will operate a
physical oil marketplace to facilitate the buying and selling of
physical oil by independent producers to corporate consumers,
traders and sovereign purchasers. And through
oilexchange.com, Hunter will offer robust supply chain management
tools that track physical oil throughout the supply chain and
automate the reporting process.
ON BEHALF OF THE BOARD OF DIRECTORS Andrew
Hromyk
Chief Executive Officer(888) 977-0970
For further information, visit our
website at
www.huntertechnology.com
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding
Forward-Looking Information.This news release contains
certain statements which may constitute forward-looking statements
or information regarding Hunters business development plans. Such
forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Hunter's control, including
execution risk, market risk, industry risk, the impact of general
economic conditions and competition from other industry
participants, stock market volatility and the ability to access
sufficient capital from internal and external sources. Although
Hunter believes that the expectations in its forward-looking
statements are reasonable, they are based on factors and
assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently
available information. Such forward-looking statements are subject
to known and unknown risks, uncertainties and other factors that
could influence actual results or events and cause actual results
or events to differ materially from those stated, anticipated or
implied in the forward-looking statements. As such, readers are
cautioned not to place undue reliance on the forward-looking
statements, as no assurance can be provided as to future results,
levels of activity or achievements. The forward-looking statements
contained in this news release are made as of the date of this news
release and, except as required by applicable law, Hunter does not
undertake any obligation to publicly update or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking
statements contained in this document are expressly qualified by
this cautionary statement. Trading in the securities of Hunter
should be considered highly speculative. There can be no assurance
that Hunter will be able to achieve all or any of its proposed
objectives. Please review Hunter’s Filing Statement dated October
21, 2020 and filed under the Company's SEDAR profile
at www.sedar.com for a more fulsome discussion of risk
factors.
Wire Service Contact InvestorWire (IW) Los
Angeles, California www.InvestorWire.com 212.418.1217 Office
Editor@InvestorWire.com
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