VANCOUVER, BC, CANADA (January 12, 2021) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF) is pleased to announce that it has extended the expiry date of an aggregate of 3,233,666 previously issued warrants (the “Warrants”) for an additional 1 year. The Warrants were originally issued February 12, 2019, with an original expiry date of February 12, 2021. The 3,233,666 Warrants entitle the holder to purchase a common share of the Company at an exercise price of $0.50. The exercise price of the Warrants remains unchanged.
The Company also announces that it has issued a total of 4,400,000 options pursuant to its incentive stock option plan (“Plan”) to management, employees and consultants. Each option entitles the holder to subscribe for one common share of the Company for $0.23 for a period of 5 years, subject to the terms of the Plan. Over the past quarter, 4,380,000 options have lapsed, been exercised or been cancelled.