Codebase Announces Stock Option Grant

Rhea-AI Summary

Codebase Ventures Inc. announced the issuance of 12,275,000 stock options under its incentive plan to management, employees, and consultants. Each option allows the purchase of one common share at $0.12 for up to five years. This initiative aims to align the interests of key stakeholders with company performance. Codebase focuses on early-stage investments and seeks to support innovators in establishing new market standards.

Positive

• Issuance of 12,275,000 stock options may enhance employee motivation and retention.
• The exercise price of $0.12 per share is positioned to incentivize performance among management and employees.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / December 9, 2021 / Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to announce that it has issued a total of 12,275,000 options pursuant to its incentive stock option plan ("Plan") to management, employees and consultants. Each option entitles the holder to subscribe for one common share of the Company for $0.12 for up to a period of 5 years, subject to the terms of the Plan.

About Codebase Ventures Inc.

Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow's standards. We support those innovators and help take their ideas to market.

For further information, please contact:

George Tsafalas - Ivy Lu
Investor Relations
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: IR@codebase.ventures

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates", "may" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Codebase Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/676899/Codebase-Announces-Stock-Option-Grant

FAQ

What stock options were granted by Codebase Ventures on December 9, 2021?

On December 9, 2021, Codebase Ventures announced the grant of 12,275,000 stock options, each allowing the purchase of one common share at $0.12.

What is the duration for exercising the stock options issued by Codebase Ventures?

The stock options issued by Codebase Ventures can be exercised for a period of up to five years.

How does the stock option grant affect Codebase Ventures' management?

The stock option grant aims to align management's interests with the company's performance, potentially enhancing motivation and retention.

What is the ticker symbol for Codebase Ventures?

The ticker symbol for Codebase Ventures is BKLLF.

Where can I find more information on Codebase Ventures' stock option grant?

Further information can be found in the press release available at Accesswire or the company's official communications.