Mr. Ray Gibson reports

STARTMONDAY ANNOUNCES COMMENCEMENT OF TRADING ON THE CANADIAN SECURITIES EXCHANGE (CSE: JOB)

StartMonday Technology Corp. expects to fittingly commence trading on the Canadian Securities Exchange on Monday, Oct. 24, 2016, under the symbol JOB.

"We are very pleased to announce our listing on the CSE, another milestone in positioning StartMonday for growth," stated Ray Gibson, StartMonday's chief executive officer. "Trading on the CSE will provide us with broader market recognition that is reflective of the company's progress and potential, while further enhancing our focus on value creation for shareholders and improving our access to capital."

Transaction and private placement

The company completed an acquisition on Sept. 23, 2016, whereby the company acquired 100 per cent of the issued and outstanding common shares of StartMonday Holding BV, a company incorporated under the laws of the Netherlands (TargetCo). Pursuant to the transaction, the company issued an aggregate of 30 million common shares to the shareholders of TargetCo. Certain shares issued to the principals of the company are subject to escrow conditions required by applicable securities laws and exchange requirements.

In connection with the transaction, the company closed a private placement on July 25, 2016, consisting of 6,234,400 units at a price of 25 cents per unit for gross proceeds of $1,558,600. Each unit consisted of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at an exercise price of 40 cents until July 25, 2018.

In connection with the private placement, StartMonday paid aggregate finders' fees of $124,288 and issued 457,152 common share purchase warrants. Each finder warrant is exercisable for one share at an exercise price of 25 cents per share until July 25, 2018. Pursuant to applicable securities laws, all securities issued in connection with the private placement are subject to a hold period expiring Nov. 26, 2016.

For further details on the transaction and the private placement, see the company's final prospectus dated Oct. 19, 2016 (a copy of which is available under the company's SEDAR profile).

Stock option incentive plan and option grant

In connection with the company's exchange listing, the company issued an aggregate of 3.75 million incentive stock options in accordance with the company's stock option plan to certain directors, officers and consultants of the company. Two million options entitle the respective optionee to purchase one share at an exercise price of 10 cents per share, and 1.75 million options entitle the respective optionee to purchase one share at an exercise price of 25 cents per share. All options may be exercised until Oct. 24, 2021, unless terminated pursuant to the terms of the option plan. The options and any shares issued upon exercise will be subject to a four-month resale restriction from the date of grant.

The option plan adopted by the board of directors concurrent with the closing of the transaction is a rolling stock option plan, pursuant to which the board may from time to time, in its discretion, and in accordance with exchange and regulatory requirements, grant to directors, officers, employees and consultants non-assignable and non-transferable options to purchase common shares, provided that the number of shares reserved for issuance will not exceed 10 per cent of the then issued and outstanding common shares of the company.

We seek Safe Harbor.