Cabo Verde Capital Inc. Appoints Christopher Malone as CFO

(TheNewswire)

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 its new CFO.

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 major Canadian SME organizations. Mr. Malone currently holds the positions as Chief Financial Officer for an OSC registered Fund Manager and an IIROC registered Broker Dealer member. Mr. Malone currently serves as a Director for each of these regulated entities.

Mr. Malone has extensive listing, regulatory reporting and governance experience with private businesses and public companies and Exchanges in Canada and the United States. Mr. Malone's experience stems from over 39 years in the North American workforce holding senior financial and information technology systems roles in some of Canada's largest domestic and multi-national organizations. Mr. Malone holds a CPA/CMA designation and graduated from the University of Western Ontario with a B.A. in Commerce and Economics.

In addition, as part of the ongoing restructuring of the Company, the Company also announces the creation of a new class of shares - Series A Convertible Preferred Shares ("Pref Shares"). The Pref Shares shall have a par value of $0.00001 per share, must be converted into shares of Common Stock within fifteen (15) years from the date of issue, shall be assignable and transactable at the sole discretion of the Holder, shall not be entitled to receive any dividends, shall not have any liquidation rights and shall not be entitled to (a) any voting rights with respect to the Pref Shares or (b) notice of any meeting of the shareholders of the Corporation except in each case to the extent specifically required by Nevada law. The Company shall not effect any conversion of the Pref Shares held by a Holder if after giving effect to such conversion the beneficial owner of such shares (together with such beneficial owner's affiliates) would beneficially own in excess of 4.9% of the Company's common shares outstanding immediately after giving effect to such conversion or exercise. There have been no Pref Shares issued to date.

The Company has also increased the Authorized number of common shares to 1,000,000,000. As of November 22, 2021 there are 109,673,652 common shares issued and outstanding, of which 88,686,123 shares are restricted and 20,987,529 unrestricted.

Forward Looking Statements:

This 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. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, together with all usual and common economic, competitive, and equity market conditions / risks.

Contact:

John Duggan, President

Cabo Verde Capital, Inc.

info@caboverdecap.com

www.caboverdecap.com

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading...Show less
NorthStar Gaming Holdings

NorthStar Gaming Holdings


Keep reading...Show less
NorthStar Gaming Announces New Partnership Agreement with BettorView

NorthStar Gaming Announces New Partnership Agreement with BettorView

Partnership strategically positions NorthStar to reach consumers in restaurants and bars across Ontario

NorthStar Gaming Inc. (TSXV: BET) is proud to announce it has entered a partnership agreement with BettorView that will enable NorthStar to engage with consumers in restaurants and bars across Ontario. The partnership provides NorthStar with the opportunity to further expand player acquisition across both sports wagering and online casino in a frictionless and convenient manner.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NorthStar Gaming Reports Triple-Digit Growth in Wagers and Revenue in Q3 2023

NorthStar Gaming Reports Triple-Digit Growth in Wagers and Revenue in Q3 2023

Strong year-over-year performance sets the stage for further growth

NorthStar Gaming Holdings Inc. (TSXV: BET) ("NorthStar" or the "Company") today released its financial results for the three- and nine-month periods ended September 30, 2023. All dollar figures are quoted in Canadian dollars.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×