Business
Danavation Technologies Announces Appointment of Corporate Secretary and Extends Maturity of Convertible Promissory Note
Danavation Technologies Announces Appointment of Corporate Secretary and Extends Maturity of Convertible Promissory Note.
About this update from Danavation Technologies Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - June 21, 2022) - Danavation Technologies Corp. (CSE: DVN) (OTCQB: DVNCF) (\"Danavation\" or the \"Company\"), a Canadian-based Internet of Things (\"IoT\") technology company and provider of micro e-paper displays, is pleased to announce the appointment of Ms. Jo-Anne Archibald as Corporate Secretary of the Company effective April 4, 2022, subject to regulatory approval by the Canadian Securities Exchange (\"CSE\"), and confirms the extension of the maturity on Danavation's outstanding $750,000 Convertible Promissory Note (the \"Note\") concurrent with a full interest payment on the Note. \"Following Danavation's news release issued on June 16, 2022, which summarized for investors our progress with ongoing installations across recognized North American brands, I am pleased to share that we have reached two additional milestones on our journey to become a leading provider of Digital Smart Labels™ and innovative Platform-as-a-Service technology,\" said John Ricci, President and CEO of Danavation. \"We have brought on an exceptional corporate secretary in Jo-Anne Archibald who further bolsters our bench strength and will assist the Company across a range of corporate activities. In addition, Danavation has successfully extended the term on the Note, made the full interest payment owing, and based on discussions with the Note holder, we remain optimistic that the Note will be converted into equity in concert with our next capital raise, helping to conserve cash while demonstrating the Note holder's continued belief in Danavation's future.\" Corporate Secretary BackgroundMs. Archibald has over 30 years of experience working with private and public capital market companies, specifically in board governance, corporate secretarial services, investor relations, and consumer packaged goods marketing. She is also currently the Chief Executive Officer and founder of Canadian Corporate Board Advisory Services (CCBAS), and was President for eight years from 2011 to 2019 at one of Canada's largest outsourced corporate secretarial services consulting firms located in Toronto. Ms. Archibald will be replacing Mr. Riccardo Forno in this capacity, who has relinquished his Corporate Secretary role to focus exclusively on his duties as a Director of the Company. Danavation welcomes Ms. Archibald to the team.E...