Facedrive Reports 2021 Q2 Financial Results

- Business Wire - Mon Aug 30, 5:31PM CDT

Business Wire - CMTX

Mon Aug 30, 5:31PM CDT

Facedrive Inc. (Facedrive or the Company) (TSX-V: FD), a Canadian people-and-planet first tech ecosystem, today announced and filed its Q2 interim Financial Statements for the period ended June 30, 2021 (Q2 2021). All financial results are reported in Canadian dollars, unless otherwise stated.

Update to Early Warning Report in Respect of Facedrive Inc.

- Newsfile Corp - Thu Jul 22, 4:14PM CDT

Newsfile Corp - CMTX

Thu Jul 22, 4:14PM CDT

Toronto, Ontario--(Newsfile Corp. - July 22, 2021) - Mr. Imran Khan (the ) announced the filing of a Form 45-102F1 - under Section 2.8 of NI 45-102 - (the ) in connection with the proposed sale (the ) of up to 500,000 common shares () in the capital of Facedrive Inc. (the ) registered in the name of ISRR Holdings Inc. (). The Proposed Sale is expected to be completed by way of over-the-market trades during the 30-day period commencing on the date hereof. There is no assurance as to the timing of the transactions contemplated in the Sales Notice, nor whether any such transactions will occur.

Facedrive Acquires EcoCRED, LLC From Exelon Subsidiary Exelorate - Update

- BusinessWire - Wed Apr 14, 9:58PM CDT

BusinessWire - CMTX

Wed Apr 14, 9:58PM CDT

Earlier today, on April 14, 2021, Facedrive Inc. (Facedrive or the Company) (TSXV:FD) (OTC:FDVRF), a Canadian people-and-planet first tech ecosystem, announced it had completed the acquisition of 100% of the equity ownership of EcoCRED, LLC (EcoCRED), from Exelorate Enterprises, LLC, a wholly-owned subsidiary of Exelon Corporation (NASDAQ:EXC). The announcement noted that Facedrive acquired EcoCRED in exchange for aggregate consideration of USD $1,000,000, which was paid through the issuance of 38,936 Facedrive Shares (Acquisition Shares), issued at a deemed price of USD $32.36 per Acquisition Share (which was determined and agreed upon based on a volume weighted average trading price figure). However, the currency expressed for the price per Acquisition Share figure should have been Canadian, making the actual deemed price per Acquisition Share CAD $32.36 (or USD $25.68 per share, being USD $1,000,000 divided by 38,936 shares). All Acquisition Shares are subject to an 18-month lock-up period.

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