Codebase Announces Stock Option Grant

Rhea-AI Summary

Codebase Ventures Inc. (OTCQB: BKLLF) has announced the issuance of 6,050,000 stock options under its incentive stock option plan. These options allow management, employees, and consultants to purchase common shares at $0.30 each for a period of five years. The initiative aims to incentivize key personnel and is part of the company’s strategic growth efforts in early-stage investments. Codebase focuses on supporting innovators to bring their ideas to market.

Positive

• Issuance of 6,050,000 stock options to incentivize management and employees.
• Options priced at $0.30 each for a five-year period, potentially aligning interests with shareholders.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 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 6,050,000 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 $0.30 for 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" 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 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.

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FAQ

What is the significance of Codebase Ventures issuing 6,050,000 options?

The issuance aims to incentivize management, employees, and consultants, potentially enhancing company performance.

What is the exercise price for the options granted by Codebase Ventures?

The options are priced at $0.30 per share.

How long do the stock options from Codebase Ventures last?

The options are valid for a period of five years.

What is the role of Codebase Ventures in the market?

Codebase Ventures invests in early-stage companies, supporting innovators to bring their ideas to market.