Vancouver, British Columbia, Canada – December 6, 2022 – VPN Technologies Inc. (CSE: VPN, OTCQB: DVPNF, Frankfurt: 6GQ1) (“VPN Technologies”, or the “Company”), announces that it intends to extend the expiration date of a total of 25,418,860 warrants (the “Warrants”) originally issued by the Company on February 22, 2021 pursuant to a non-brokered private placement and a debt settlement by 12 months.
The Warrants are exercisable into common shares of the Company at a price of $0.10 per common share and currently have an expiry date of February 22, 2023. The Company wishes to extend the expiry date of the Warrants to 4:00PM PST on February 22, 2024. All other terms and conditions of the Warrants, including the exercise price, remain the same.
The Company also announces that it has granted incentive stock options to purchase a total of 150,000 common shares at an exercise price of $0.15 per share for a period of two years to certain directors and officers in accordance with the provisions of its stock option plan.
About VPN Technologies Inc.
VPN Technologies Inc. is a provider of Virtual Private Network (VPN) services to the retail market and SMEs.
Greentech Hydrogen Innovations Corp. is a wholly-owned subsidiary of VPN Technologies, a startup energy company formed to identify opportunities in both the science for the purpose of commercialization and the development of products and services addressing the growth in a wide range of long-term hydrogen businesses related to global energy policy objectives and targets.
To learn more about VPN Technologies, please visit www.vpntech.ca or contact hello@vpntech.ca.
To learn more about Greentech Hydrogen Innovations, please visit www.greentechhydrogen.ca or contact hello@greentechhydrogen.ca.
On Behalf of the Board,
Paul Dickson,
President & CEO
The CSE has not reviewed, approved, or disapproved the content of this press release.
