– The Company to Explore Qualifying Transaction in Emerging Technology Areas –
Upon closing of the Offering and as disclosed in the Prospectus, the Company granted 1,000,000 incentive stock options to its Chief Executive Officer, Chief Financial Officer and directors which are exercisable for a period of ten years from the date of the grant at an exercise price of $0.10 per Common Share. Following the completion of the Offering, the Company has 10,000,000 Common Shares issued and outstanding, 3,000,000 of which are subject to escrow restrictions as disclosed in the Prospectus. Trading of the Common Shares on the TSXV commenced at the opening of business on 28th day of September 2017, under the symbol “OVO.P”.
About the Company
The Company is a capital pool company (“CPC”) within the meaning of the policies of the TSXV that has not commenced commercial operations and has no assets other than cash. The board of directors of the Company consists of Sheldon Pollack, Adam Adamou, Eric Apps and Babak Pedram. The officers of…