21:03:04 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Data Deposit Box Inc
Symbol DDB
Shares Issued 28,546,306
Recent Sedar Documents

ORIGINAL: Data Deposit Box Inc. Announces Listing on CSE and Grants Stock Options

2015-03-27 16:50 ET - News Release

Toronto, Ontario--(Newsfile Corp. - March 27, 2015) - Data Deposit Box Inc. (CSE: DDB) (the “Company”) is pleased to announce that its common shares have been approved for listing on the Canadian Securities Exchange (the “CSE”), and will commence trading when the market opens on Monday, March 30, 2015.

The Company also announces the grant, in accordance with the terms of the Company’s stock option plan, of an aggregate of 5,250,000 stock options to directors, officers, employees and consultants of the Company. Each such stock option is exercisable for one common share of the Company at exercise prices of $0.30 or $0.50 per common share. The stock options are exercisable for five years, subject to vesting restrictions.

Other Business

The Company has also retained Trapeze Capital Corp. (“Trapeze”) to provide market-making services in accordance with CSE policies. Under the terms of the agreement between the Company and Trapeze dated March 27, 2015 (the “Agreement“), Trapeze will receive compensation of $5,000 per month plus HST and will not receive any common shares or options of the Company as compensation. However, Trapeze and its clients may have or may acquire a direct interest in the securities of the Company. The Company and Trapeze are unrelated and unaffiliated entities; Trapeze is a member of the Investment Industry Regulatory Organization of Canada, a participating organization of Toronto Stock Exchange and a member of TSX Venture Exchange. The capital and securities required for any trade undertaken by Trapeze as principal will be provided by Trapeze. The Agreement is for a term of 6 months.

The Business of the Company

With advanced, patented technology, the Company has been trusted daily by over 60,000 customers supported throughout the world by an extensive partner network of 1,000 resellers and 25 managed service providers. The Company’s solutions have won prestigious industry awards and it has been featured in leading industry publications.

The Company’s philosophy is to empower business owners and employees to take a more active role in understanding the value of their data. Massive improvements in technology are generating profound changes in the way companies create and share digital information. In today’s world data is power and we’re excited to see a new generation of businesses moving to embrace cloud-based platforms because the technology allows smaller companies to enjoy unprecedented levels of productivity, mobility, and security.

For further information contact:

Troy Cheeseman President & COO
Data Deposit Box Inc.
Telephone: 647-725-0307
Email: tcheeseman@datadepositbox.com
www.datadepositbox.com

Investor Inquiries

W. Clark Kent
Corporate Development
Telephone: 647-519-2646
Email: ckent@currentmca.com

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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