Facedrive Inc. Announces Grant of Options and RSUs

TORONTO--()--Facedrive Inc. (the “Corporation” or “Facedrive”) (TSX-V: FD) announces that it has granted to each of its independent directors, being Hamilton Jeyaraj, Paul Zed, William Kanters and Jay Wilgar: (i) 16,606 stock options (“Options”), 9,058 of which will entitle the holder thereof to purchase one common share of the Corporation (a “Common Share”) at a price of $19.00 per Common Share, 4,529 of which will entitle the holder thereof to purchase one Common Share at a price of $22.08 per Common Share and 3,019 of which will entitle the holder thereof to purchase one Common Share at a price of $33.12 per Common Share, each for a period of five years; and (ii) 8,303 restricted share units (“RSUs’), each of which will entitle the holder thereof to acquire one Common Share. The 66,424 Options and 33,212 RSUs vest as to one-third on each of the first, second and third anniversaries of the date grant. As of the date hereof, the Corporation has granted 115,951 Options and 82,739 RSUs.

About Facedrive

Facedrive is a Toronto-based ridesharing company that operates in the technology sector. Founded in 2016, Facedrive was created to offer a transportation network that was first and foremost socially responsible and CO2 emissions neutral. Facedrive is a unique people and planet first ride-sharing platform committed to doing business fairly and equitably with both our riders and drivers.

As a community platform, drivers are real partners in Facedrive, benefitting from uniquely customized incentives and rewards that reflect Facedrive’s dedication to shared success and amongst the highest in the ridesharing industry. Facedrive’s commitment to the planet is demonstrated by green-incentives for both drivers and customers because Facedrive believes that we all benefit when empowered individuals make positive choices.

Facedrive customers can request rides in electric, hybrid and gas-powered vehicles through the Facedrive App. Trips on the system offset the CO2 emitted by contributing a portion of the fare to carbon offset, tree planting and other measured, sustainable programs. Facedrive is a first of its kind ridesharing platform that is designed to incentivize and empower the green and socially responsible consumer that is looking to make a meaningful and measurable impact.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contacts

Sayan Navaratnam
Chief Executive Officer and Director
Tel: 1-888-300-2228

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Contacts

Sayan Navaratnam
Chief Executive Officer and Director
Tel: 1-888-300-2228