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Codebase Announces Stock Option Grant

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Codebase Ventures Inc. (OTCQB:BKLLF) has issued 7,400,000 options under its incentive stock option plan, enabling management, employees, and consultants to subscribe for common shares at $0.265 each for five years. The company has also contracted Aktiencheck.de AG for €50,000 to support a European marketing initiative, contingent on future news flow. Codebase focuses on early-stage investments in innovative sectors, aiming to assist in bringing emerging ideas to market.

Positive
  • Issuance of 7,400,000 stock options could enhance employee motivation and retention.
  • Engagement with Aktiencheck.de AG for a €50,000 marketing program may boost visibility in the European market.
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / April 13, 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 7,400,000 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 $0.265 for a period of 5 years, subject to the terms of the Plan.

The Company has also agreed to engage Aktiencheck.de AG, for €50,000 for a European marketing and news dissemination program. The length of such program depends upon the Company's future news flow.

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 recent stock option announcement from Codebase Ventures Inc. (BKLLF)?

Codebase Ventures Inc. announced the issuance of 7,400,000 stock options at $0.265 each, valid for five years.

How much has Codebase Ventures spent on marketing with Aktiencheck.de AG?

Codebase Ventures has contracted Aktiencheck.de AG for €50,000 for a European marketing program.

What are the terms of the stock options issued by Codebase Ventures Inc. (BKLLF)?

The stock options allow subscription for one common share at $0.265 for a period of five years.

What is the purpose of the stock options issued by Codebase Ventures Inc.?

The stock options aim to incentivize management, employees, and consultants to enhance performance and retention.

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