CALGARY,
AB, May 5, 2022 /CNW/ - DeepMarkit Corp.,
("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF) (FRA:
DEP), a company focused on transitioning the global carbon offset
market to the more accessible digital economy by minting credits
into non-fungible tokens ("NFTs"), is pleased to pleased to
announce that effective May 4, 2022,
it has completed the split of its common shares ("Common
Shares") on the basis of four (4) new Common Shares for each
one (1) Common Share currently outstanding (the "Share
Split"), as announced on April 26,
2022. The Common Shares will begin trading on the TSX
Venture Exchange on a post-Share Split basis on May 5, 2022.
![DeepMarkit Corp. (TSXV: MKT, OTC: MKTDF, FRA: DEP) (CNW Group/DeepMarkit Corp.) DeepMarkit Corp. (TSXV: MKT, OTC: MKTDF, FRA: DEP) (CNW Group/DeepMarkit Corp.)](https://mma.prnewswire.com/media/1811212/DeepMarkit_Corp__DeepMarkit_Completes_4_for_1_Share_Split.jpg)
Following completion of the Share Split, DeepMarkit's issued and
outstanding Common Shares increased from 42,465,707 Common Shares
to 169,862,828 Common Shares directly following completion of the
Share Split. The Company expects that the Share Split will make its
shares more accessible to investors and enhance liquidity for
shareholders.
Shareholders do not need to take any action with respect to the
share split. All outstanding stock options and share purchase
warrants will be adjusted on the same split ratio and the
respective exercise prices will be adjusted accordingly. Additional
information regarding the Share Split can be found in the Company's
previously issued news release dated April
26, 2022.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a company focused on democratizing access to
the voluntary carbon offset market by minting credits into
non-fungible tokens ("NFTs"). Its common shares are listed on the
TSX Venture Exchange under the "MKT" stock symbol. DeepMarkit's
wholly owned subsidiary, First Carbon Corp. ("FCC"), is a software
infrastructure company operating in the tokenization vertical of
the blockchain. FCC's primary asset, MintCarbon.io, is a web-based,
software-as-a-service platform that facilitates the minting of
carbon credits into NFTs (based on the ERC-1155 standard) or other
secure tokens (based on the ERC-20 standard). MintCarbon.io is
currently undergoing testing and FCC anticipates an official launch
of the platform in the near future.
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, Interim CEO
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 news release.
CAUTIONARY STATEMENT
Statements in this news release may contain forward-looking
information. Any statements that are contained in this news release
that are not statements of historical fact may be deemed to be
forward-looking statements, including statements related to the
expected timing of the date that the Company expects the Common
Shares will resume trading following completion of the Share Split.
The reader is cautioned that assumptions used in the preparation of
any forward-looking information may prove to be incorrect. Events
or circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of DeepMarkit. Various factors can cause the actual results
to differ materially from those in forward-looking statements. The
reader is cautioned not to place undue reliance on any
forward-looking information.
The forward-looking statements contained in this press release
are made as of the date of this news release and DeepMarkit does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
securities law.
SOURCE DeepMarkit Corp.