Tony G Co-Investment Holdings Announces Appointment of Executive Chairman and Option Grant
Toronto, Ontario--(Newsfile Corp. - November 5, 2021) - Tony G Co-Investment Holdings Ltd. (CSE: TONY) (the "Company"), is pleased to announce that Mr. Antanas (Tony) Guoga has been appointed the Executive Chairman of the Company effective November 3, 2021.
Antanas Guoga, more commonly known as Tony G, is a former politician, Lithuanian businessman, poker player and philanthropist. Mr. Guoga has previously been a domestic member of parliament in Lithuania as well as a MEP at the European Parliament in Brussels. In 2015, Mr. Guoga was highlighted in the POLITICO 28 list. The European affairs weekly newspaper chose one person from each of the European Union's 28 member-states who is "shaping, shaking and stirring Europe." He has founded and invested in a number of businesses including life insurance, online gaming, sportswear and his own resort in Lithuania and is associate professor at Vilnius University's Economics faculty. As a poker player Mr. Guoga has over $7 million in lifetime tournament earnings and founded the high traffic PokerNews.com.
Mr. Guoga is an early adopter of blockchain, founding Cryptonews.com and a Blockchain Centre in Vilnius in recent years. He is currently Executive Chairman of Canadian listed Cypherpunk Holdings Inc., an investment company and significant holder of bitcoin. Prior thereto, he was a member of the legislative period of the Seimas of the Republic of Lithuania from 2020 until February 2021. Prior thereto, member of the European Parliament from 2014 to 2019.
In addition, the Company announces it has granted 357,500 stock options to purchase common shares of the Company exercisable at a price of $0.92 per common share and expiring on November 3, 2031, to officers, directors and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.
Tony G Co-Investment Holdings Ltd.
Chief Financial Officer
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved". Forward-looking information includes, but is not limited to the Company's goal of making investments in the blockchain and other sectors and enhancing value. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward- looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
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