Mr. Alexander Tjiang reports
NEXTGEN DIGITAL GRANTS STOCK OPTIONS & PROVIDES CORPORATE UPDATE
Nextgen Digital Platforms Inc. has granted an aggregate of 1.4 million incentive stock options to certain consultants and directors of the company in accordance with the company's stock option plan.
The options are exercisable at a price of 55 cents per share, vested immediately and expire three to five years from the date of grant.
In addition, the company announces that it has entered into debt settlement agreements for an aggregate of $250,000 in debt. In settlement of the debt, the company will issue an aggregate of 431,034 common shares in the capital of the company at a deemed price of 58 cents per debt share. The indebtedness relates to outstanding fees owing to a service provider to the company.
All common shares issued in connection with the debt settlement are subject to a statutory four-month hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. Closing of the issuance is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the approval of the CSE.
About Nextgen Digital Platforms Inc.
Nextgen is a technology company that operates an e-commerce platform and a hardware-as-a-service business supporting the artificial intelligence sector, called cloud AI hosting. Both PCS and cloud AI hosting were developed in-house by Nextgen. The company also intends to democratize access to cryptocurrencies by providing investors with exposure to a diversified basket of digital assets through a regulated public vehicle. From time to time, the company also intends to evaluate and acquire or develop other microtechnology platforms.
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