Pond Technologies Holdings Inc. announces TSX Venture Exchange approval of warrant extension - RFI Canada transaction updated

CALGARY, Jan. 4, 2019 /CNW/ - Pond Technologies Holdings Inc. (POND) (TSX.V: POND) is pleased to announce that it has received approval from the TSX Venture Exchange to extend the expiry dates of five tranches of warrants as announced on November 16, 2018.

The first tranche includes warrants exercisable to purchase 335,000 common shares of Pond at $2.50 per share, with an original expiry date of December 21, 2018; the second tranche includes warrants exercisable to purchase 450,000 common shares of Pond at $2.50 per share, with an original expiry date of February 23, 2019; the third tranche includes warrants exercisable to purchase 240,000 common shares of Pond at $2.50 per share, with an original expiry date of September 21, 2019; The fourth tranche includes warrants exercisable to purchase 1,000,000 common shares of Pond at $3.00 per share, with an original expiry date of December 28, 2019; and the fifth tranche includes warrants exercisable to purchase 2,644,279 common shares of Pond at $3.00 per share, with an original expiry date of December 30, 2020.

The expiry date of all five tranches of warrants has been extended to January 30, 2021. All other terms and conditions of each tranche of the warrants remain unchanged. A notice of extension of expiry date will be sent to all warrant holders.

In addition to the above, Pond wishes to update the terms of the purchase of the exclusive Canadian distribution and sales rights for certain products of RFI, LLC (RFI) that was previously announced on December 3, 2018. In addition to the $160,000 in POND shares issued to each of RFI and to 2197992 Ontario Inc. as consideration for the purchase, a cash payment in the amount of $320,000 was also made to RFI.

About Pond Technologies:

Located in Markham, Ontario, Pond is a technology company that provides profitable solutions to the global health and wellness challenges of pollution abatement and nutrition. Pond's proprietary growth platform optimizes key growth inputs in order to provide a controlled environment that maximizes the growth of algae and other organisms. It enables industrial emitters to generate new revenue streams from the transformation of waste CO2 to valuable algae-based products used as proteins for animal feed and nutraceutical products like Chlorella, Spirulina, and Astaxanthin for human consumption.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

SOURCE Pond Technologies Holdings Inc.

Chris Cory at [email protected], Steve Martin at [email protected] or phone [phone] ext. 215