The board of directors of Slyce Inc., at its meeting held on January 24, 2017, announced the appointment of Mr. Cameron Chell as a director and interim CEO, subject to TSXV approval. Mr. Chell, a serial entrepreneur, is a co-founder of the company. The company also appointed Erika Racicot as President and Chief Operating Officer. She is a co-founder of the company and has served as its COO. As part of the transition, the Board also accepted the resignations of Travis Reid, George Colwell and Dale Johnson as directors and officers, effective immediately.

As previously announced on October 24, 2016, Business Instincts Group provided the company with $585,000 in temporary, non-interest-bearing, unsecured bridge financing. The company repaid this bridge loan from the proceeds of the implementation of several steps as it transitions and streamlines for a new strategy following the sale on January 10, 2017 of the majority of its business assets.