VANCOUVER, British Columbia, April 29, 2019 (GLOBE NEWSWIRE) — CUV Ventures Corp. (TSX-V: CUV) (the “Company”) is pleased to announce that, further to today’s news release, the Company announces that options to purchase up to 3,500,000 common shares of the Company were granted to officers, directors, employees and consultants of the Company, with an exercise price of $0.22 per share. The options have been granted pursuant to the Company’s 10% rolling stock option plan and, will expire 1 year from the date of grant.
Reduction of Available Options and Exercise Term
The Company has chosen to issue options at this time to reduce the rolling volume of options issuable. Furthermore, the timeframe of expiration has been reduced to 1 year. Should all the announced options be exercised in the term, the aggregate amount payable to treasury would be CA$ 770,000.
PSD2 License Supplementary Documental Requirements Update
As per the news release dated 10th April 2019, the Company has been intensively working with legal counsel, on both sides of the Atlantic, to provide a timeline to successfully submit, any and all documentation requisitioned by the Central Bank. The Company will provide said timeline to shareholders no later than Friday 10th May 2019.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset, multidivisional publicly traded Canadian company deploying advanced technologies in the; Online Travel, Vacation Resort, Mobile Apps, Money Remittance, Mobile phone top-ups, Invoice factoring, Blockchain Systems, and Fintech app sectors.
Our flagship technology is RevoluPAY®, the Apple and Android multinational leisure payments and remittance app, powered by blockchain protocols, and aimed at the worldwide + $595 billion family remittance market. Click here to read more.
CUV VENTURES CORP.
For further information contact:
CUV Ventures Corp.
Telephone: (604) 685-6465
Toll Free: 800-567-8181
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.