Stockwatch

Global Compliance Applications Corp
Symbol	APP
Shares Issued	270,911,059
Close 2024-02-05	C$ 0.02
Market Cap	C$ 5,418,221
Recent Sedar+ Documents

Global Compliance to extend 7.27M warrants

2024-02-05 20:17 ET - News Release

Subject: press release for immediate distributio Word Document File: '\\swfile\EmailIn\20240205 162617 Attachment Global Compliance Applications Corp. - News Release - Warrant Extension [February 2024].docx' PO Box 43, Suite 830, 1100 Melville Street Vancouver, BC Canada V6E 4A6 LEGAL_43161442.2 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Global Compliance Applications Corp. Announces Extension of Warrants Vancouver, British Columbia, Canada, February 5, 2024 - Global Compliance Applications Corp. ("GCAC" or the "Company") (CSE: APP, FSE: 2FA, OTCQB: FUAPF) announces that it intends to extend the expiry date of an aggregate of 7,272,108 common share purchase warrants (the "Warrants") by two years to February 22, 2026. The Warrants were originally issued on February 22, 2021 and are currently set to expire on February 22, 2024. Each Warrant entitles the holder thereof to acquire one common share in the capital of the Company (a "Share") at a price of $0.17 per Share. None of the 7,272,108 Warrants outstanding are held by insiders of the Company. All other terms of the Warrants, including the exercise price, will remain unchanged. About GCAC GCAC is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. GCAC's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer- 2's, such as Polygon. GCAC can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. GCAC created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (Environmental, Social & Governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program. GCAC works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS licensing model. For more Company information, please visit www.gcac.tech or review its profiles on www.sedarplus.ca and on the Canadian Securities Exchange's website www.thecse.com. Press Contact Phone: +1 (800) 409-5679 Email: info@cannappscorp.com The securities of the Company referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. Forward-Looking Information The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.