March 9th, 2021 – TheNewswire – Medtronics Online Solutions (“Medtronics”) following the decision of key management to voluntarily extend their lockups. Medtronics would like to announce the extension of the voluntary lockup in its share position of Facedrive Inc. (“Facedrive”) (TSXV:FD), (OTC:FDVRF), a Canadian “people-and-planet first” tech ecosystem.
Medronics had previously agreed to a gradual release of its shares from a voluntary lockup and has now agreed to an extension of the lockup for one additional year. Medtronics owns 800,000 shares of Facedrive and under the terms of the updated agreement, the new release dates are as follows:
(a) 15% of the stock totaling 120,000 shares on 31st March 2022;
(b) 15% of the stock totaling 120,000 shares on 30th June 2022
(c) 15% of the stock totaling 120,000 shares on 30th September 2022
(d) 15% of the stock totaling 120,000 shares on 31st December 2022
(e) 15% of the stock totaling 120,000 shares on 31st March 2023
(f ) 15% of the stock totaling 120,000 shares on 30th June 2023
The remaining 10% of its share position totaling 80,000 shares shall be released on 30th September 2023.
Contact Information
[email protected]
E-mail: Rachel Johnson
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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