As part of the closing of the Acquisition, the Company issued an aggregate of 3,750,000 common shares of the Company at a deemed issue price of $0.25 per share (the "Consideration Shares") to the RockStock Shareholders.
Please refer to the Company's news releases dated January 20, 2022, April 4, 2022, and the SPA, each of which is available on SEDAR at www.sedar.com under the Company's profile for additional information on the Acquisition.
Appointment of Director
In addition, the Company is pleased to announce the appointment of Mr. David Abbott to the board of directors of the Company.
About RockStock
RockStock Equities Inc.'s vision is to capitalize on the dramatic impact of blockchain technology, cryptocurrencies, and NFTs on a once beleaguered music industry. With a primary focus on developing an artists/fans platform (the "RockStock Platform"), RockStock intends to facilitate and empower artists through a state-of-the art app platform allowing artists to directly monetize their music, create "pay-per-view" performances and participate in the exciting new world of NFT revenue generation. For the fans, it is an opportunity to connect and support the artists they love through a multi genre, online competition and participate in profit opportunities to be created through the purchase of artist security tokens and NFTs. For more information about RockStock, please visit www.myrockstock.com.
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