NexTech Expands AR Deal With Walther Arms Inc., Manufacturer of James Bond’s PPK - Seite 3

NexTech also announces that it has established, by way of issuance of 2,000,000 warrants, a pool of 2,000,000 common shares for the purpose of compensating the company’s service providers. The warrants expire two years from the date of issuance and the underlying shares will be used to compensate certain key service providers in shares, at deemed price of $0.80 per share, instead of cash. The establishment of the pool will conserve NexTech’s available funds and ensure the continuity of service providers. The warrants and underlying common shares described above will be subject to a statutory hold period expiring on April 5, 2020. 

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Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the issuance of shares to compensate service providers and the Company conserving available funds and ensuring continuity of its service providers are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.