Clip Money Inc. Reports Issuance of Options

TORONTO, March 11, 2024 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces the grant of an aggregate of 465,000 options (the “Options”) to acquire common shares of the Company (the “Common Shares”) to certain executives of the Company to recognize their strong performance in 2023. The following Options have been granted: (i) 275,000 Options to Joseph Arrage, (ii) 260,000 Options to Brian Bailey, (iii) 155,000 Options to Andrew Tussing, and (iv) 75,000 Options to Roger Dalal. The Options have a three-year vesting period, an exercise price equal to CDN$0.18, being the trading price of the Common Shares at the close of business on March 8, 2024, and will expire 10 years from the date of the grant. The Options are governed by the terms of the Company’s omnibus equity incentive plan, under which an aggregate of 10,494,753 Common Shares are issuable.

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