2022-07-03 | CSE: SWIMMING | Press release

(TheNewswire)

VANCOUVER, BC, June 30, 2022: SWMBRD Sports Inc. (CSE: SWIM) (“SWMBRD” or the “Company”) is pleased to announce that, following its press releases of June 2, 2022 and June 13, 2022, nineteen eligible holders (the Eligible Holders”) participated in the Company’s incentive warrant program and exercised a total of 3,001,500 warrants (the “Mandates”) for total proceeds to the Company of $300,150. To induce the early exercise of the Warrants, the Company has issued a total of 3,001,500 warrants (the “Incentive Warrants”) to eligible holders. The incentive warrants are exercisable into the same number of common shares of the Company at an exercise price of $0.12 per common share until June 29, 2027.

Proceeds from the exercise of the Warrants will be used by the Company for general working capital purposes.

The Incentive Warrants and the Common Shares issuable upon the exercise of the Incentive Warrants are subject to a hold period of four months and one day from the date of issuance of the Incentive Warrants in accordance with applicable laws. on applicable Canadian securities.

About SWMBRD Sports Inc.

SWMBRD Sports Inc. is a Vancouver, BC-based sporting goods company that seeks to empower millions of people to rethink the way they have fun in the water. Management believes that SWMBRD’s exclusive watersports board due to its patented design, is revolutionary in the way it empowers the human body in the water like never before, giving water enthusiasts of all ages and abilities the freedom to explore all aquatic environments with ease.

By offering a versatile water sport that is easy to use, easy to store, can be used by all ages and all body types in all bodies of water (rivers, oceans, lakes and basins), the Company considers that the sport of swimboarding has the potential to become one of the most popular board sports in the world, and SWMBRD a great aquatic brand.

The company has refined the manufacturing techniques most relevant to the SWMBRD and has successfully produced fully functional demo fleets of boards, which have been rigorously used in the real world in Hawaii, Canada and Greece. The company is now preparing to begin full-scale mass production under an OEM agreement with Tahe Outdoors of Vannes, France – Europe’s leading boardsports manufacturer. It is SWMBRD’s intention to have Swimboards available for sale in December 2022.

For more information, please contact:

www.swmbr.com

Justin Schroenn – President, CEO and Director

E-mail: [email protected]

Phone: 778-870-1497

Matthew Schroenn – Vice President and Director

E-mail: [email protected]

Phone: 604-375 4664

Gareth Schroenn – Vice President

E-mail: [email protected]

Phone: 604-339-2721

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