Las Vegas, Nevada TheNewswire – November 23, 2021 CABO VERDE CAPITAL, INC. (OTC: CAPV) (TSXV: GER) (the “Company”) welcomes Mr. Christopher Malone to the Company as the new Chief Financial Officer.
Mr. Malone is the founding director of PrOasis, a professional consulting firm, where he has spent the past 31 years managing the firm which focuses on executive management, corporate finance, strategic planning and governance for clients. large Canadian SMEs. Mr. Malone is currently the Chief Financial Officer of an OSC Registered Fund Manager and a Registered IIROC Dealer Member. Mr. Malone is currently a director of each of these regulated entities.
Mr. Malone has extensive listing, regulatory reporting and governance experience with private and public companies and stock exchanges in Canada and the United States. Mr. Malone’s experience stems from more than 39 years in the North American workforce in senior financial systems and information technology roles in some of Canada’s largest national and multinational organizations. Mr. Malone holds a CPA / CMA designation and holds a bachelor’s degree in commerce and economics from the University of Western Ontario.
In addition, as part of the ongoing restructuring of the Company, the Company is also announcing the creation of a new class of shares – Series A Convertible Preference Shares (the “Preference Shares”). The preferred shares will have a par value of $ 0.00001 per share, must be converted into common shares within fifteen (15) years from the date of issue, will be transferable and negotiable at the sole discretion of the holder, will not have right to receive dividends, will have no liquidation rights and will not be entitled to (a) any voting rights in respect of the preferred shares or (b) a notice of a meeting of the shareholders of the Company, except in each case to the extent specifically required by Nevada law. The Company will not effect any conversion of any preferred shares held by a holder if, after giving effect to such conversion, the beneficial owner of such shares (as well as the affiliates of such beneficial owner) beneficially owns more than 4.9 % of the outstanding common shares of the Company. immediately after giving effect to such conversion or exercise. No preference shares have been issued to date.
The Company also increased the authorized number of common shares to 1,000,000,000. As at November 22, 2021, there were 109,673,652 common shares issued and outstanding, of which 88,686,123 restricted shares and 20,987,529 unrestricted.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements include those which may predict, predict, indicate or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “foresee”, “anticipate”, “plan”, “plan”, “expect”. “,” Believe “,” “,” should “,” could “,” would “,” could “or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the actual results and financial condition of the company to differ materially from those contained in these statements, which involve risks and uncertainties, including those relating to the ability of the company to grow. actuals may differ materially from those predicted and any report should not be taken as an indication of future performance. Potential risks and uncertainties include the operating history and resources of the Company, as well as all customary and current economic, competitive and market conditions / risks.
John Duggan, President
Cabo Verde Capital, Inc.
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