Mr. Dorian Banks reports
LOOKING GLASS LABS GRANTS RESTRICTED SHARE UNITS
Looking Glass Labs Ltd. has granted 3.01 million restricted share units to certain directors, officers and a consultant of the company.
The RSUs have a four-month hold period for directors and officers, and vest immediately for the consultant of the company. Each RSU can be redeemed for one common share of the company. Therefore, up to 3.01 million common shares of the company shall be issued pursuant to the redemption of the RSUs. The RSUs are granted pursuant to the terms of the RSU plan approved by the shareholders of the company and are subject to the policies of the NEO Exchange.
About Looking Glass Labs Ltd.
Headquartered in Vancouver, B.C. Looking Glass is a leading Web3 innovation platform, specializing in consumer engagement applications, to leverage immersive metaverse environments, play-to-earn tokenization and blockchain monetization strategies. Its leading brand, House of Kibaa (HoK), designs and curates a next-generation metaverse for 3-D assets, which allows functional art and collectibles to exist simultaneously across different non-fungible-token blockchain environments. HoK has released digital assets to include GenZeroes, which sold out in just 37 minutes, for total proceeds to Looking Glass of $6.2-million, in addition to a perpetual 5-per-cent royalty stream on secondary market sales.
We seek Safe Harbor.
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