TORONTO, July 18, 2025 (GLOBE NEWSWIRE) -- Further to its March 31, 2025 announcement welcoming Antoine De Vuyst as Chief Technology Officer ("CTO") and lead designer of the forthcoming Digital Gold Platform on Bitcoin, Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF, FSE: IU3) ("Matador" or the "Company") is providing the following summary of Mr. De Vuyst's consulting agreement (the "Agreement"), as requested by the TSX Venture Exchange (the "TSXV").
Under the Agreement, which took effect March 1, 2025, Mr. De Vuyst serves as CTO on a month-to-month basis and devotes the time required to meet Matador's product-development milestones. As consideration for his services as CTO, Mr. De Vuyst will receive:
- C$5,000 per month in common shares of the Company, calculated quarterly, using the 30-day volume-weighted average price of Matador shares on the TSXV and subject to a four (4) month hold; and
- C$15,000 of restricted share units ("RSUs") granted quarterly. The RSUs will vest one (1) year from the date of issuance. The RSUs are being issued pursuant to the Company's Long-Term Incentive Plan.
All securities issued to Mr. De Vuyst will remain subject to customary hold periods and final TSXV acceptance.
Either party may terminate this Agreement by providing thirty (30) days' written notice. Additionally, the Company reserves the right to terminate the Agreement immediately for cause. The Agreement further stipulates that any intellectual property developed during Mr. De Vuyst's engagement shall be assigned to Matador.
The Agreement is considered a non arm's-length transaction under applicable securities laws. No finder's fees were paid, and no new insiders were created pursuant to the Agreement. The Company is relying on the employee-executive exemption under Sections 5.5 and 5.7 of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, and therefore no formal valuation or minority-shareholder approval is required.
For additional information, please contact:
Media Contact:
Sunny Ray
President
Email: sunny@matador.network
Phone: 647-496-6282
About Matador Technologies Inc.
Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador's strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.
Matador has recently proposed to expand its global footprint by entering into an agreement to invest in HODL Systems, one of India's first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador's position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.
With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.
Visit us online at https://www.matador.network/.
Cautionary Statement Regarding Forward-Looking Information
NEITHER THE 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.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company's treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
