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Neptune Dash begins trading on TSX-V

2018-01-22 11:13 ET - News Release

Mr. Cale Moodie reports

NEPTUNE DASH COMMENCES TRADING ON TSX VENTURE EXCHANGE UNDER SYMBOL "DASH"

Neptune Dash Technologies Corp. has commenced trading on the TSX Venture Exchange under the symbol DASH following the issuance by the TSX-V of its bulletin granting final approval of for the company's listing on Jan. 19, 2018.

New board and management of the company

The board of directors of the company comprises Cale Moodie, Troy Wong, Guy Halford-Thompson, Jackson Warren and Dario Meli. Management of the company comprises Cale Moodie, president and chief executive officer, Troy Wong, chief financial officer and secretary, and Kalle Radage, chief operating officer. Biographies of the new board members and management are included in the company's Form 2B listing application dated Jan. 15, 2018, available on SEDAR.

Escrowed securities and other resale restrictions

In accordance with the policies of the TSX-V, an aggregate of 26,593,329 common shares of the company will be held in escrow pursuant to an escrow agreement among the company, TSX Trust Company (as escrow agent) and certain securityholders of the company. The escrowed shares will be released from escrow as follows: 25 per cent upon issuance of the final bulletin; 25 per cent on the date that is six months after the date of the final bulletin; 25 per cent on the date that is 12 months after the date of the final bulletin; and 25 per cent on the date that is 18 months after the date of the final bulletin. Also in accordance with the policies of the TSX-V, an aggregate of 10.7 million common shares of the company will be subject to seed share resale restrictions over the course of one year, such that 20 per cent is released upon the final bulletin and 20 per cent is released every three months thereafter.

Restricted share unit awards and stock option grants

The company also announces award of an aggregate of 1.58 million restricted share units (RSUs) under the company's share compensation plan to directors, officers, employees and consultants of the company. Each RSU represents a right to receive one common share of the company, following the vesting of such restricted share units over a three-year period. The RSUs are exercisable for three years. The company has also granted an aggregate of 6,075,000 stock options under the company's share compensation plan to directors, officers, employees and consultants of the company with an exercise price of 50 cents per stock option, exercisable for a period of 10 years from the date of grant.

About Neptune Dash Technologies Corp.

Neptune Dash exclusively builds and operates Dash masternodes and invests in Dash blockchain-related technologies. Dash is a digital currency created to address bitcoin's scaling challenges.

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