(TheNewswire)
VANCOUVER, BC / TheNewswire / March 29th, 2018 – ZoomAway Travel Inc. (TSXV: ZMA)
(the “Company”) www.zoomaway.com is pleased to announce a recent grant of stock options by its Directors
to directors, officers and consultants of or to the Company.
On March 23, 2018, the Directors of ZoomAway granted options to acquire Common Shares at an exercise price of
$0.10 per share, reflecting an average price for the stock over the past 90 days, with options to acquire 500,000 Common Shares
granted to the Company’s senior executives, options to acquire 200,000 Common Shares granted to the Company’s independent directors
and options to acquire 400,000 Common Shares granted to key advisors and consultants to the Company or its operating subsidiaries,
which include 150,000 stock options granted to a marketing consultant to the Company. The options vest in accordance with
the provisions of ZoomAway’s Stock Option Plan – 20% immediately, and the remainder vesting at 2 0% per year over the next 4 years. The options will expire in 5 years (March 23, 2023).
With this most recent grant of options to acquire up to 1.1 million Common Shares, the Company currently has
stock options outstanding which permit the holders to acquire up to 3,616,500 Common Shares at exercise prices of between $0.10 and
$0.20 per Common Share. Under the terms of the ZoomAway Stock Option Plan as approved and confirmed by shareholders, the
Company maintains flexibility as the Plan currently allows up to 4,979,067 shares underlying stock options to be granted. As
such, ZoomAway could issue additional stock options to acquire up to another 1,363,567 Common Shares (not yet granted). At
this time, of the company’s outstanding stock options permitting holders to acquire up to 3,615,500 Common Shares, Directors and
officers (the “insiders”) hold stock options to acquire up to 1,225,000 of these shares, or 33.9% of the total, again, at exercise
prices of between $0.10 and $0.20 per share.
“Our Board, in consultation with our senior management, with the many positive developments underway at
ZoomAway, decided to grant options to key participants, but at an exercise price of $0.10 per share. This price is in excess
of our recent trading prices, but consistent with the stock price over the past three months, and is made in expectation of
encouraging such key personnel to build shareholder value in excess of $0.10 per share.” Stated Sean Schaeffer, CEO of Zoomaway
Travel Inc.
For additional information contact: Sean Schaeffer, President, ZoomAway Inc.,
at 775-691-8860 or sean@zoomaway.com .
About Us
ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and
activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of
lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their
customers with a real time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc.
can be found at www.zoomaway.com .
Travel Game Blockchain Inc. (Canadian Co.) is a new ZoomAway Travel, Inc. subsidiary
company dedicated to housing new projects in the digital games and blockchain formats.
Active Smart Contract Inc. (Nevada Co.) is currently in development with plans to
license its technology to merchants enabling them to accept both credit card and cryptocurrency payments on a single
platform. www.activesmartcontract.com
Forward Looking Statements
This release includes certain statements that may be deemed “forward-looking statements”. All statements in
this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are
forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not
always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors
that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions,
market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates
and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the
Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or
opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange
Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this
press release.
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