Tribe Announces Grant of Stock Options

Dec 20, 2022

https://www.newswire.ca/news-releases/tribe-announces-grant-of-stock-options-860853690.html

Source: newswire.ca

/NOT FOR DISTRIBUTION IN THE U.S. OR TO U.S. NEWSWIRE SERVICES./

VANCOUVER, BC, Dec. 20, 2022 /CNW/ – Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (“Tribe” or the “Company”) announces it has granted incentive stock options to certain directors, officers and Investor Relations personnel of the Company to acquire an aggregate of 85,000 common shares in the capital of the Company at an exercise price of $1.55 (the “Options“) in accordance with the Company’s 10% rolling incentive stock option plan. The Option are exercisable for a five-year term expiring December 31, 2027 and will become fully vested December 31, 2026.

About Tribe Property Technologies:

Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe’s integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.

Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe’s platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.

ON BEHALF OF THE BOARD

“Joseph Nakhla”

Chief Executive Officer

Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1166 Alberni Street, Suite 1606
Vancouver, British Columbia
V63 3Z3
(604) 343-2601
joseph.nakhla@tribetech.com

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.

Cautionary Statement on Forward-Looking Information

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws regarding the Company and its business.  When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forward-looking statements or information in this news relate may relate to statements with respect to: the aims and goals of the Company; financial projections; growth plans including future prospective consolidation in the rental management sector; future acquisitions by the Company; beliefs of the Company with respect to the independent owner-investors market; prospective benefits of the Company’s platform; and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward- looking statements. The Company does not intend, and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

SOURCE Tribe Property Technologies Inc.

For further information: Corporate + Media, Jennifer Laidlaw, VP Communications and Marketing, jennifer.laidlaw@tribetech.com, 1-604-398-4161 x703; Investor Relations, Shobana Williams, VP Investor Relations, Shobana.williams@tribetech.com, 1-604-398-4161 x725

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