Danavation Technologies Announces Grant of Options

Rhea-AI Summary

Danavation Technologies Corp. (CSE: DVN) grants 2,350,000 options to purchase common shares at $0.15 per share, expiring on January 5, 2027.

Toronto, Ontario--(Newsfile Corp. - December 8, 2023) - Danavation Technologies Corp. (CSE: DVN) ("Danavation" or the "Company"), a Canadian-based Internet of Things (IoT) technology company and provider of micro e-paper displays, is pleased to announce that it has granted an aggregate of 2,350,000 options to purchase common shares of the Company exercisable at a price of $0.15 per common share expiring on January 5, 2027 to certain officers, directors, consultants and employees of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

About Danavation

Danavation Technologies Corp. is a Canadian-based, Internet of Things (IoT) technology company, providing micro e-paper displays to organizations across North America. The Company's Digital Smart Labels™, powered by IoT automation technology and software Platform-as-a-Service (PaaS), enables companies across various sectors to automate labelling, price, product, and promotions in real-time, enhancing data accuracy and improving performance by removing high labour costs and low productivity associated with traditional labour-intensive workflows. By empowering the adoption of smart retail, smart cities and industry 4.0, our goal is to create a sustainable and profitable business for shareholders while advancing sound environmental, social and governance practices, including by significantly reducing paper usage. Danavation has introduced its solution to retailers across North America, including big box and boutique grocers, while also targeting new markets including healthcare providers, manufacturing, and logistics companies. Learn more about the background of Danavation and our vision for the future on our website at www.danavation.com.

For further information, please contact:

John Ricci
President & Chief Executive Officer
hello@danavation.com
905-605-6702

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/190427

FAQ

What is the recent announcement from Danavation Technologies Corp. (CSE: DVN)?

Danavation Technologies Corp. (CSE: DVN) has granted 2,350,000 options to purchase common shares at a price of $0.15 per share, expiring on January 5, 2027.

Who are the recipients of the granted options from Danavation Technologies Corp. (CSE: DVN)?

The options are granted to certain officers, directors, consultants, and employees of the Company.

What is the exercise price of the options granted by Danavation Technologies Corp. (CSE: DVN)?

The options are exercisable at a price of $0.15 per common share.

When do the options granted by Danavation Technologies Corp. (CSE: DVN) expire?

The options expire on January 5, 2027.

What is the hold period for the common shares issuable upon exercise of the options granted by Danavation Technologies Corp. (CSE: DVN)?

The common shares are subject to a four-month hold period from the original date of grant.