Prophecy DeFi Appoints New President and Head of Operations

Prophecy DeFi Inc. (CSE: PDFI) ("Prophecy DeFi", "Prophecy", or the "Company"), a publicly traded investment firm focused on the decentralized finance (DeFi) sector, is pleased to announce the appointment of Paul Rekai as President & Head of Operations.

Paul will lead the next chapter of Prophecy's operations and growth. In this position, Paul will complement Prophecy's existing leadership team of experienced traditional finance and crypto operators and look to expand revenue streams by providing essential financial services for DeFi projects and investors alike.

Paul is a crypto-native investor and operator, with experience working directly with on-chain DeFi Projects and investor-facing roles, bringing traditional investors into the world of crypto. Most recently, Paul was head of Business Development at AltFi Capital, a Digital Asset Hedge Fund and Investor Service Provider. In addition, Paul has served as a key advisor to SX Network, the largest blockchain-based betting site in the world. Paul has deep expertise in DeFi, through operational experience with Decentralized Exchanges (DEXs) and Automated Market Makers (AMMs) in yield farming and liquidity provision activities.

"We are extremely excited to have Paul join Prophecy's leadership team as we focus on driving more operational growth," said John McMahon, CEO, Prophecy DeFi. "Paul has the skills and experience necessary to help grow the business in a meaningful way."

In connection with Mr. Rekai's appointment the Company has granted him an aggregate of 3,000,000 options to purchase common shares of the Company, with 1,000,000 options each exercisable at prices of $0.05, $0.10 and $0.15, vesting over a 2 year period and expiring three (3) years from the date of issuance. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

About Prophecy DeFi

Prophecy DeFi (CSE: PDFI) provides retail and institutional investors with access to the decentralized finance sector by bridging the gap between DeFi and traditional finance. Prophecy DeFi invests in diverse DeFi and Web 3.0 startups to create new business opportunities in a coherent ecosystem.

www.prophecydefi.com

For further information, please contact:

John McMahon, CEO
Tel: (416) 764-0314
Email: jmcmahon@prophecydefi.com

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals and the possibility that the completion of the transaction may not occur. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142191

News Provided by Newsfile via QuoteMedia

Prophecy DeFi CSE: PDFI Emerging Tech Investing

PDFI:CC

Prophecy DeFi Announces New Appointment to Board of Directors

Prophecy DeFi Inc. (CSE: PDFI) ("Prophecy DeFi" or the "Company") is pleased to announce that it has appointed Mr. Andy Dayes to the Company's Board of Directors, effective immediately.

Mr. Dayes has 30 years' experience in the financial services industry as an entrepreneur, a company principal, and a senior executive working with large financial institutions such as Wells Fargo and entrepreneurial firms such as Next Edge Capital and Efficient Capital in the institutional capital-raising space.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

PROPHECY DEFI'S INVESTMENT COMPANY LAYER2 BLOCKCHAIN CONTINUES TO IDENTIFY AND DEPLOY CAPITAL INTO HIGH YIELD DEFI OPPORTUNITIES

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES /

Prophecy DeFi Inc. (" Prophecy DeFi ", " Prophecy " or the " Company ") (CSE: PDFI) is pleased to provide investors with an operational update on its wholly owned subsidiary, Layer2 Blockchain Inc. (" Layer2 Blockchain ", " Layer2 ", or the " Company ").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

PROPHECY DEFI ANNOUNCES GRANT OF OPTIONS

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES /

Prophecy DeFi Inc. (" Prophecy DeFi " or the " Company ") (CSE: PDFI) announces that it has granted an aggregate of 1,400,000 options to purchase common shares of the Company to an officer and consultants of the Company, exercisable at a price of $0.60 per common share for a period of three (3) years from the date of grant, in accordance with the terms of the Company's stock option plan. The common shares issuable upon exercise of the options are subject to a statutory hold period of four months and one day from the date of grant.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Syntheia Set to Enhance Customer Communication with Its AI-Powered Virtual Assistant

Syntheia Corp. ("Syntheia" or the "Company") (Syntheia.ai), CSE SYAI, a Canadian leader in conversational AI, announces that its innovative SaaS platform, designed to transform how businesses manage inbound telephone calls is set to launch in January of 2025. Leveraging advanced Natural Language Processing (NLP), Syntheia's virtual assistants enhance communication and efficiency targeting small and medium businesses in this large global marketplace.

" Our mission is to eliminate as many inefficiencies as we can with managing inbound calls that small to medium-sized businesses face utilizing the power of AI" said Tony Di Benedetto, CEO of Syntheia. "With AI-driven virtual assistants, we provide these businesses with tools to improve customer satisfaction while reducing operational costs. We are gearing up now for commercial launch in January of 2025, less than 8 weeks away."

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Sona Nanotech to Showcase Its THT Cancer Therapy at NCL 20th Anniversary Symposium and Provides Corporate Update

Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the "Company", "Sona") is pleased to announce that its Chief Scientific Officer, Dr. Len Pagliaro, has been invited to showcase Sona's developing Targeted Hyperthermia Therapy ("THT") cancer treatment today at the Nanotechnology Characterization Laboratory ("NCL"). Sona will be one of six commercial and academic collaborators to present its research at the NCL's 20th anniversary "Advancing Medical Applications of Cancer Nanotechnology" symposium. Sona's subsidiary was previously selected for the NCL Assay Cascade Program, the premier program in the World for bringing nanomaterials through critical preclinical stages and facilitating regulatory review, in which Sona's materials were assessed for biocompatibility. The NCL was established by the National Cancer Institute ("NCI") to accelerate the progress of nanomedicine by providing preclinical characterization and safety testing of nanoparticles. The NCL is a collaborative effort between NCI, the U.S. Food and Drug Administration ("FDA"), and the National Institute of Standards and Technology.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Sona Nanotech Issued Patent and Appoints New Board Member

Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the "Company", "Sona") is pleased to announce the issuance of U.S. Patent No. 12117447 by the U.S. Patent and Trademark Office to the Company, entitled, "Metal Nanoparticles and Methods of Making Same". This patent covers the Company's proprietary process for manufacturing gold nanorods without the use of the toxic substance, cetyltrimethylammonium bromide ("CTAB"), which typically carries significant cytotoxic and genotoxic risks.

The Company is also pleased to announce the appointment of Mr. Wayne Myles, KC, FIIC, to its board of directors. An active investor and entrepreneur, Mr. Myles has served as lead counsel and strategic business advisor on more than 100 domestic and international acquisitions and sales, financings, government and regulatory affairs and licensing mandates. He has significant and diverse experience as a director of public and private companies. He also has been recognized with numerous professional achievements, distinctions and awards, including being named as one of "Canada's Top 25 Most Influential Lawyers' by Canadian Lawyer Magazine."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Prophecy DeFi Appoints New President and Head of Operations

Latest News

Latest Press Releases

Related News

TOP STOCKS