TORONTO, Nov. 22, 2018 (GLOBE NEWSWIRE) — Vogogo Inc. (“Vogogo” or the “Company”) (CSE:VGO) today announces it has cancelled an aggregate of 18,485,951 stock options (the “Cancelled Options”) previously held by certain officers, directors, employees and consultants of the Company. The Cancelled Options represent all of the previously outstanding option grants issued under the Company’s stock option plan (the “Option Plan”), and were comprised of the following:
| Grant Date | Expiry Date | Quantity | Exercise Price | |
| 28-Apr-14 | 28-Apr-19 | 60,000 | $0.330 | |
| 11-Sep-14 | 11-Sep-19 | 180,000 | $0.750 | |
| 28-Aug-15 | 28-Aug-20 | 10,000 | $1.090 | |
| 07-Sep-15 | 07-Sep-20 | 250,000 | $1.200 | |
| 17-Feb-16 | 17-Feb-21 | 30,000 | $0.600 | |
| 04-Nov-16 | 04-Nov-21 | 5,300,000 | $0.160 | |
| 07-Nov-17 | 07-Nov-22 | 60,000 | $0.380 | |
| 04-Apr-18 | 04-Apr-23 | 6,595,951 | $0.350 | |
| 07-May-18 | 07-May-23 | 6,000,000 | $0.455 | |
The Cancelled Options were voluntarily surrendered by the holder thereof for no consideration. Under the Option Plan, the Company may grant up to 10% of the currently issued and outstanding common shares. After giving effect to the Cancelled Options, the Company may issue 27,733,939 options under the Option Plan.
For information or interview please contact:
Jordan Greenberg
Chief Financial Officer
(647) 715-3707
About Vogogo Inc.
Vogogo currently operates its cryptocurrency mining activities in Québec. This includes mining for cryptocurrencies for its own account, within mining pools and on a co-location basis for other miners. As it continues to embrace blockchain technology, Vogogo is exploring opportunities in all aspects of the cryptocurrency segment.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
