Poko Innovations Inc. Announces Grant of Options and Entering into Shares for Debt Agreements
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LONDON, UK / ACCESSWIRE / December 10, 2021 / Poko Innovations Inc. (formerly Brunswick Resources Inc.) (CSE:POKO) (“Poko” or the “Company“), is pleased to announce that, it has granted a total of 3,990,000 incentive stock options to directors, officers and consultants under the newly adopted Stock Option Plan dated December 10, 2021 (the “Plan“).The Options, subject to the terms of the Plan and the corresponding option agreement, are exercisable at a price of CAD $0.15 per share for a period of up to five years expiring on December 10, 2026.
Poko also announces that it settled a total of CAD$246,000 of debt (the “Debt“) for service provided to the Corporation by issuing 2,050,000 common shares of the Corporation at a deemed price of $0.12 per common share (“Shares for Debt Settlement“).
The Corporation negotiated the Shares for Debt Settlement in order to preserve capital to fund the development of the Corporation’s projects.
All securities issued in connection with the Shares for Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
About The Poko Group, Ltd
The Poko Group is a collection of CBD focused companies that bring innovative, inspiring solutions to the CBD industry through the company’s leading platforms which, when working together, form a complete ecosystem. The Poko Group has is an award-winning UK CBD company that has developed a unique business model comprising complete “turnkey solutions,” including fintech payment processing and white label opportunities. Poko plans to export its signature products to the EU and the USA. For more information, please visit https://www.pokogroup.com/.
Forward-Looking Statements
With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by, or that otherwise, include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could”, are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed, herein for a variety of reasons that are outside the control of the company, including, but not limited to, the company’s ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and the economy in general, and the Company’s ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The company disclaims any intention or obligation to update, or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations
Michael J. Porter, President
Porter, LeVay & Rose, Inc.
T: (973) 865-9357
E: mike@plrinvest.com
LinkedIn: @PlRinvest
SOURCE: Poko Innovations Inc.
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