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NovaTeqni Corporation Applies for Extension to Term of Warrants

ACCESSWIRE

CALGARY, AB / ACCESSWIRE / July 21, 2016 / NovaTeqni Corporation (NTQ.V) ("NovaTeqni" or the "Corporation"), announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of 454,747 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed on July 24, 2015 and August 26, 2015. The Warrants that are the subject of the application have an exercise price of $1.00 per common share and are set to expire on July 24, 2016 (as to 396,247 Warrants) and August 26, 2016 (as to 58,500 Warrants). None of the Warrants are held by Insiders of the Corporation. The Corporation has applied for consent to extend the term of the Warrants from 12 months to 24 months from the respective dates of the original issuance of the Warrants in accordance with Exchange policies.

About NovaTeqni

NovaTeqni is a technology based company that is focusing on biometrics and secure payment technologies. Using its management experience and developed intellectual property, NovaTeqni provides solutions and products for voter validation, voter registration, financial transactions and biometric solutions. Using the its platform of products, NovaTeqni can provide clients with custom solutions for their particular industry. NovaTeqni has corporate offices in Calgary, Alberta, sales offices in Norfolk, Virginia, development in Johannesburg, South Africa and manufacturing in Hong Kong.

For further information, please contact Gerhard Mynhardt, Chief Executive Officer of the Corporation, by email at info@novateqni.com.

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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: NovaTeqni Corporation