Vancouver, British Columbia--(Newsfile Corp. - April 27, 2015) - Newnote Financial Corp. (CSE: NEU) (OTCQB: NWWTF) (FSE: 1W4), (the "Company") is pleased to announce that Mr. Mitchell Demeter has been appointed to the Company's Board of Directors.
Mr. Demeter is a serial entrepreneur with a vast range of experience in many endeavors. Mr. Demeter is an expert at building strategic relationships and recognizing opportunities early and has used this skill to quickly grow companies from the ground up into profitable ventures. Mr. Demeter's was co-founder of Cointrader.net Bitcoin Exchange, which was recently acquired by Newnote and co-founded Bitcoiniacs — The Bitcoin Store, which was the world's first brick and mortar Bitcoin Exchange.
In addition, Harvey Dick steps down as Chairman and Director of Newnote. We thank him for his contributions to the Company.
The company also discloses, subject to regulatory approval, the Corporation has granted a total of 600,000 incentive stock options to directors and officers to purchase common shares, at an exercise price of $0.15 per common share, and expire on April 28, 2016, in accordance with the Corporation's Stock Option Plan.
Further, the Company announces it intends to settle outstanding indebtedness of $25,000 through the issuance of common shares of the Corporation at a deemed price of $.15 per common share (the "Debt Settlement").
About Newnote Financial Corp.
Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. The Company owns and operates the Cointrader.net Bitcoin Exchange and offers Point-of-Sale services to merchants accepting Bitcoin for merchandise. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.
Newnote Financial Contact Information
President, CEO & Director
Newnote Financial Corp.
CSE: NEU; OTCQB: NWWTF; FSE: 1W4
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
Bitcoin exchange: www.cointrader.net
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the content of this press release.