NOT FOR DISSEMINATION IN
Further to the Company’s news release dated
Upon completion of the Transaction, 47,347,074 common shares of the Company are issued and outstanding, with the current shareholders of the Company holding approximately 68.3% of the common shares of the Company and the former shareholders of Diitalk holding approximately 31.7% of the common shares of the Company.
“We are extremely excited to complete this transaction and are well positioned to bring to market the first robust voice and messaging application to help bridge the gap in coverage in countries where 2G and 3G networks are more prominent. Our full suite of unique and innovative services will provide communication in these countries and will encourage people to connect and come together. DiiTalk is available worldwide and is used everyday by people to connect with one another,” said
The Transaction is not a “related party transaction” as such term is defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. In addition, no new Related Person (as such term is defined by the Canadian Securities Exchange) was created as a result of the Transaction. The Transaction was negotiated at arm’s length. No finder’s fee was payable in connection with the Transaction.
The Company is an investment issuer listed on the Canadian Securities Exchange and management of the Company aim to continue to evaluate other investment opportunities that align with the Company’s Investment Policy of investing in enterprises that have the potential to be commercially viable and have visibility toward high growth.
Additional information will be released by the Company as it occurs. There can be no assurance that any investments will be completed as proposed or at all or the timing of any investments.
For more information please contact: | |
Chief Executive Officer | |
Tel: (778) 788-2745 |
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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