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Cloud Nine Education Group Ltd (2)
Symbol CNI
Shares Issued 16,787,047
Close 2021-02-09 C$ 1.14
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Cloud Nine appoints Trivedi to board, Rivera CFO

2021-02-09 13:08 ET - News Release

Mr. Allan Larmour reports

CLOUD NINE ANNOUNCES NEW CFO AND ADDS NEW BOARD MEMBER

Cloud Nine Education Group Ltd. has appointed Kant Trivedi to Cloud Nine's board of directors and Nilda Rivera as chief financial officer and corporate secretary, effective immediately.

Mr. Trivedi has over 20 years of experience building and managing world-class customer operations within the technology, telecommunications, financial services and blockchain sectors. Mr. Trivedi is a co-founder and director of Blockfusion Technologies Inc., a technology company building the world's largest blockchain and artificial intelligence infrastructure. Blockfusion has been investing in new capabilities to offer end-to-end crypto services to fuel mainstream crypto adoption and stay at the forefront of future technology advancements. Before founding Blockfusion, Mr. Trivedi was chief operating officer and managing director (partner) at Greenwich Associates, a consulting firm that works with over 260 of the largest banks and financial technology firms globally, which he successfully led to an exit. He also held several senior leadership positions with Rogers Communications Inc., one of Canada's largest communications and media companies. Mr. Trivedi wrote and implemented the Rogers enterprise business unit customer operations strategy and led award-winning teams responsible for fixed land-line, mobile, data centre, co-location, cloud and Internet of things, supporting revenue growth to over $1.9-billion. Prior to Rogers Communications, Mr. Trivedi was general manager at Look Communications (previously Internet Direct) and was accountable for the operations and technology teams, supporting its growth from a market capitalization of $20-million to $1.5-billion. Mr. Trivedi holds an MBA from Queen's University. He is involved with charitable organizations like the United Way and Indus Community Services, and sits on the board of several public companies, including Norsemont Mining.

Allan Larmour, chief executive officer, stated: "On behalf of the board, I am very pleased to welcome Kant Trivedi to the company. With Kant's extensive blockchain technology experience and leadership roles, his expertise and guidance will be of great value to Cloud Nine as the company executes its growth strategy."

Ms. Rivera has over 20 years of experience in corporate and operational finance, and managed publicly listed companies in the areas of accounting, finance, regulatory compliance and corporate governance. She was involved in initial public offerings, reverse takeovers, and mergers and acquisitions in several industries including cannabis, hemp, resource and technology, and assisted various start-up companies in achieving public listings on the Canadian Securities Exchange, TSX Venture Exchange and OTC, and their uplisting to the Toronto Stock Exchange and New York Stock Exchange. Prior to joining Cloud Nine, Ms. Rivera served as vice-president of finance and corporate secretary at Aurora Cannabis Inc. where she was instrumental in building its finance team, and involved in completing its early equity and debt financings, and its uplisting to the TSX and NYSE. She has also served as CFO, corporate secretary and a director for several public mining and exploration companies.

"We are excited to welcome Nilda to Cloud Nine's executive team," stated Mr. Larmour, CEO. "Her calibre and considerable experience in corporate finance with public companies will be of great benefit to us as we anticipate her to be an important part of our growth."

Ms. Rivera will replace Kulwant Sandher who will remain a director of the company.

Pursuant to the company's stock option plan, the company granted to its new director and officer stock options to purchase 200,000 common shares of the company exercisable at $1.08 per share for a period of five years. The options will vest quarterly over a period of two years.

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