TORONTO, ON – (Newsfile Corp. – July 14, 2023) – WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (“WonderFi” or the “Company”) today announced the appointment of Gordon Brocklehurst is appointed Chief Financial Officer of WonderFi, effective July 14, 2023. Andeena Wen, WonderFi’s interim chief financial officer, will continue to work with the company.
This press release constitutes a “designated press release” within the meaning of WonderFi’s December 23, 2022 prospectus supplement to its September 7, 2022 concise base prospectus.
“We are pleased to welcome Gordon Brocklehurst to our team at WonderFi,” commented Dean Skurka, WonderFi’s President and Chief Executive Officer. “Gordon’s background and experience in financial leadership and the capital markets will be invaluable to WonderFi.”
Gordon Brocklehurst previously served as Chief Financial Officer of CoinSmart Financial Inc. Mr. Brocklehurst is a Chartered Accountant with over 30 years of senior financial and operational experience. He is a member of the Ontario and Canadian Institutes of Chartered Professional Accountants. Mr. Brocklehurst has extensive corporate finance, mergers and acquisitions, financial reporting and compliance experience in both private and public markets, including the TSX and NYSE.
Gordon Brocklehurst commented, “I am delighted to join WonderFi as Chief Financial Officer. WonderFi is a leader in the regulated digital asset space and is committed to providing innovative products to Canada’s digital asset ecosystem. I look forward to working with the entire team to advance WonderFi’s mission.”
ABOUT WONDERFI
WonderFi aims to revolutionize access to digital assets by operating its four registered Canadian owned and operated crypto asset trading platforms: Bitbuy, Coinsquare, CoinSmart and Coinberry. With a combined user base of over 1.6 million registered Canadians and over $600 million in total assets under management, WonderFi has one of the largest communities of crypto investors within a single regulated ecosystem in Canada.
The story goes on
WonderFi’s global crypto payment processing division, SmartPay, enables seamless payments of digital assets across a range of industries. With a track record of steady growth and an unwavering commitment to excellence, SmartPay has successfully processed over a million transactions to date.
WonderFi remains committed to providing its users access to new regulated industries designed to enable the creation of modern wealth. For more information about WonderFi, visit www.wonder.fi.
Further information
For more information please contact:
Media / Investor Relations
Binu Koshy
[email protected]
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or the current state of affairs, but merely represent WonderFi Technologies Inc.’s (“WonderFi” or “Company”) beliefs as to future events, plans or objectives , many of which are inherently uncertain and beyond the Company’s control. Generally, such forward-looking information or forward-looking statements are identifiable by the use of forward-looking terminology such as “may”, “intend”, “expect”, “believe”, “will”, “forecast”, “planned”, “estimated”, ” soon”, “potentially”, “anticipate” or variations of such words.
By designating such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that could affect the Company’s actual results, level of activity, performance or success may differ materially from those expressed or implied in such information and statements. In addition, the Company has made certain assumptions in connection with the forward-looking information and forward-looking statements contained in this press release. Key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements include the following: the Company’s inability to successfully integrate (including retaining key employees) so that anticipated Transaction benefits are realized; the ability to realize synergies and cost savings when and to the extent anticipated; the potential impact of the announcement or completion of the transaction on relationships, including with regulators, employees, suppliers, customers, competitors and other key stakeholders; the Company’s inability to obtain necessary regulatory, stock exchange, stockholder and other approvals that may be required for post-closing matters; the Company’s inability to meet the anticipated go-live schedule for iGaming, sports betting, stock trading and income products, each of which may be subject to additional regulatory or other approvals as may be required in connection therewith; the Company’s ability to consolidate its registered crypto-asset trades under Coinsquare’s Canadian Investment Regulatory Organization investment trader registry, including obtaining any necessary regulatory approvals thereto; SmartPay’s ability to generate the revenue necessary to entitle CoinSmart shareholders to receive payments pursuant to their earnout rights; the Company’s inability to work effectively with strategic investors and partners and any changes in key personnel; security and cybersecurity threats and hacks; Internet and power outages; uncertainty about the acceptance or widespread use of digital assets; inability to anticipate technological innovations; the COVID-19 pandemic; climate change; currency risk; Changes or enforcement of national and local governmental laws, taxes, controls or regulations and/or changes in the administration of laws, policies and practices, and political or economic developments in Canada, the United States, Europe and other jurisdictions in which the Company does business operate or in which the company may do business in the future; and material adverse changes in general economic, business and political conditions, including changes in financial markets and compliance with extensive government regulations. These risks do not represent a complete list of factors that could affect the company. However, these factors should be carefully considered. Should one or more of these risks, uncertainties or other factors materialize, or should the assumptions underlying the forward-looking information or statements prove incorrect, actual results may differ materially from those described herein. The effect of any single assumption, risk, uncertainty or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company’s future decisions and actions depend on management’s evaluation of all information at the relevant time depend on timing. A more detailed description of the risk factors that could affect WonderFi’s business, financial condition and results of operations can be found in the Management’s Discussion and Analysis and Financial Report for the period ended March 31, 2023 and the Annual Information Form and the joint management circulars from WonderFi, Coinsquare and CoinSmart relating to the transaction, available on its SEDAR profile at www.sedar.com.
Although the Company believes that the assumptions and factors used in the preparation of the forward-looking information and statements, and the expectations contained therein, are reasonable, such information and statements should not be relied upon and no representation or guarantee can be given Such forward-looking information and statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update the forward-looking information contained herein and/or the forward-looking statements referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this release. All financial amounts referenced herein are in Canadian dollars unless expressly noted otherwise.
The Toronto Stock Exchange has neither approved nor disapproved the information contained in this press release.
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