Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO: ETHC), a leading technology company focused on participating in the development of the Ethereum and Web 3 ecosystem, is pleased to announce the appointment of Ian McPherson as President and Chief Financial Officer and Jillian Friedman as Chief Operating Officer. Ms. Friedman’s appointment is effective as of today, while Mr. McPherson’s appointment is effective as of March 31, 2022.
Ian McPherson brings over 30 years of experience to Ether Capital in both institutional and entrepreneurial organizations. His experience includes 17 years as an investment banker in London and Toronto with responsibility for banks, life insurance companies and asset managers. He has facilitated over $75 billion of capital raising and structured multiple M&A transactions as both principal and advisor. Most recently, Mr. McPherson has served as a CEO and CFO of several private wealth management organizations. Additionally, he is a Canadian leader on environmental, social and governance (ESG) matters and is currently serving on the Government of Canada’s Expert Panel on Climate Adaptation.
“Ether Capital is well positioned and well financed to develop new, innovative blockchain solutions,” said Mr. McPherson. “I am very pleased and excited to be part of the senior team and contribute to the company’s future success.”
Jillian Friedman is a lawyer and banking expert who has been active in the cryptocurrency and blockchain space since 2014. She has spent the past seven years with National Bank of Canada where she led the Bank’s blockchain and digital asset efforts with a focus on the wealth management, capital markets and risk sectors. Most recently she was a senior manager with National Bank’s restructuring group. Her legal experience includes digital assets, commercial finance and fintech.
“I’m thrilled to bring my experience and expertise in both traditional finance and the blockchain ecosystem to Ether Capital,” said Ms. Friedman. “I look forward to building out the next phase of the business and adding value for shareholders.”
“I am extremely excited to welcome Ian and Jillian to Ether Capital,” said Brian Mosoff, Chief Executive Officer of Ether Capital. “They will be strong additions to the team as we progress with our strategy of building operating verticals where we can develop and leverage unique IP for both the crypto ecosystem and within traditional finance. Ian and Jillian are experienced professionals within their areas of expertise. We look forward to their contributions as partners looking to broaden the reach of digital assets and blockchain networks both in Canada and globally.”
Mr. McPherson will be replacing Stefan Coolican who has served as the Company’s President and Chief Financial Officer since July 2018. Ether Capital would like to thank Mr. Coolican for his years of service and wishes him the best in his future pursuits. “Stefan was instrumental in getting Ether Capital to where we are today. I’d like to thank him both personally and on behalf of Ether Capital for his service and contributions,” said Mr. Mosoff.
Mr. Coolican will be resigning from the Company’s Board of Directors concurrently with his departure as President and Chief Financial Officer on March 31, 2022 but will continue with the Company in an advisory role by joining the Company’s Advisory Board.
About Ether Capital Corporation
Ether Capital is a Toronto-based technology company whose long-term objective is to become the central business and investment hub for the Ethereum and Web 3 ecosystem. Ether Capital has invested the majority of its balance sheet in Ethereum’s native utility token “Ether” as a core strategic asset and intends to become a net accumulator of Ether over time. Ether Capital is focused on technology development to further expand Web 3 technologies and generate corporate value. Ether Capital’s management team and Board of Directors are comprised of crypto-natives, leading venture capitalists and capital market experts, which uniquely positions us to identify and capitalize on opportunities in the digital asset ecosystem.
The content of this document is for informational purposes only, and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained on this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice and neither Ether Capital Corporation, nor any of its affiliates, will be held liable for inaccuracies in the information presented.
Non-GAAP Measures
The Company’s condensed consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). The Company refers to the gross value of its assets and the gross value per basic common share, which are non-GAAP financial measures. These non-GAAP measures are not defined by IFRS, do not have a standardized meaning and may not be comparable with similar measures presented by other issuers. The Company has presented such non-GAAP measures as management believes they are relevant measures of the value of the Company’s underlying assets. Non-GAAP measures should not be considered as alternatives to the information set out in the Company’s financial statements.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements in regard to the Ethereum ecosystem. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, 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”, “on pace”, “anticipates”, or “does not anticipate”, “believes”, and similar expressions or state that certain actions, events or results “may”, “could”, “would”, “should”, “might”, or “will” be taken, occur or be achieved.
Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations. Forward-looking information 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. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties in regard to the development and acceptance of blockchain technology (including proof of stake and Ethereum 2.0), and the Ethereum platform and anticipated timing and impact of the Ethereum network upgrade, the impact of the outbreak of the COVID-19 coronavirus on the Company, and the other risk factors discussed in the Company’s Annual Information Form dated March 25, 2021, the Risk Factors section in its most recently filed management’s discussion and analysis, the Risk Factors section in its Supplement and Base Shelf Prospectus and its other filings available on-line at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided in order to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.
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