VANCOUVER, British Columbia, April 16, 2018 (GLOBE NEWSWIRE) -- SiQ Mountain Industries Inc. (TSX-V:SIQ) (“SiQ”
or the “Company”) announces that it has granted an aggregate of 75,000 incentive stock options to certain eligible persons of the
Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of $0.20 per share.
About SiQ Mountain Industries Inc.
SiQ Mountain Industries is an early start-up business organization that began as a Capital Pool Corporation on
the TSX Venture Exchange. In October 2017 SiQ started operations to complete development and commercialize a type of
snow-bike technology. The Company is focused on the creation of a unique brand of products for outdoor athletic entertainment
in international marketplaces.
The Company’s website is currently under construction, for a more complete business and financial profile of the
Company, please view the Company's public documents posted under the Company’s profile on www.sedar.com.
On behalf of the Board of Directors,
Peter Hughes, CEO and President
Legal Notice Regarding Forward-Looking Statements and Information: This news release contains
“forward-looking statements and information” within the meaning of applicable securities laws. Forward-looking statements are
indicated expectations or intentions. Forward-looking statements in this news release include without limitation: that the
Company can develop, commercialize and produce proprietary technology and outdoor athletic entertainment equipment. Although
the Company believes its anticipated future results, performance or achievements expressed or implied by the forward-looking
statements are based upon reasonable assumptions and expectations, they can give no assurance that such expectations will prove to
be correct. The reader should not place undue reliance on forward-looking statements as such statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements of SiQ Mountain to differ
materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements.
Such risks and uncertainties include, without limitation, the risk that the Company’s technology and products may not work as well
as expected; we may not be able to break into new markets, because such markets are served by strong and embedded competitors or
because of long term supply contracts; and we may not be able to grow and sustain anticipated revenue streams. We may have
underestimated the cost of production costs and the time it takes to bring products to market; we may not be able to finance our
intended product development. Our products may not sell as well as expected, and competitors may offer better or cheaper
alternatives to our products. Our technologies may not be patentable, and if patents are granted, we may not protect our investment
in intellectual property if our patents are challenged. Our intended technologies may infringe on the intellectual property of
other parties. We may not have any parties interested in licensing our technology as expected. Except as required by law, the
Company does not intend to update the forward-looking information and forward-looking statements contained in this news
release.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF
THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information, please contact:
Peter Hughes, CEO and President
hughes@siqmountain.com
