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TORONTO, Oct. 30, 2017  – Avante Logixx Inc. (TSXV: XX)(“Avante” or the “Company”) announced today that, effective October 30, 2017, it granted, following its compensation review, options to acquire an aggregate of 375,000 common shares to certain of the directors of the Company  at an option price of $0.26 per share subject to the terms and conditions of the Company’s 10% rolling stock option plan approved September 29, 2015 and ratified by shareholders at its recent AGM held September 19, 2017. All options granted to the directors have a term of five years and vest immediately. The Company also granted options to acquire an aggregate of 150,000 common shares to certain executive officers of the Company, at an option price of $0.26 per share. All options granted to the executive officers have a term of five years and vest as follows: (i) 1/3rd vest after the second year anniversary of grant; (ii) an additional 1/3rd vest after the third year anniversary of grant; and (iii) the remaining 1/3rd vest after the fourth year anniversary of the grant. Pursuant to the terms of the Company’s 10% rolling stock option plan, a total of 8,153,205 options are available to be issued. Including the grant of options referenced above, there are 853,205 options currently available to the granted under the terms of the stock option plan.

About Avante Logixx

Avante Logixx Inc. (XX.V) is a Toronto based provider of technology enabled security solutions. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Please visit our website at and consider joining our investor email list.


All statements in this news release, other than statements of historical fact, may constitute “forward looking information” with respect to Avante within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. This forward-looking information includes statements with respect to, among other things, the effective date of the consolidation of the Common Shares.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward looking information, including, without limitation, the Company being unable to complete the steps necessary to cause the consolidation to occur on the timelines stated in this news release and the risks identified in Avante’s Management Discussion & Analysis, Annual Information Form and other continuous disclosure, which list is not exhaustive of the factors that may affect any of Avante’s forward-looking information. In connection with the forward-looking statements contained in this and subsequent press releases, Avante has made certain assumptions about its business and the industry in which it operates and has also assumed that no significant events occur outside of Avante’s normal course of business. Although management believes that the assumptions inherent in the forward-looking statements are reasonable as of the date the statements are made, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein. Avante’s forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and Avante does not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information as there can be no assurance that the credit agreement will be entered into or on the terms described in this news release or at all.

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.