| Home : July 01 2017 Computer News : Mobi724 Global Solutions Inc. (CSE: MOS) Final Issuance of Shares Pursuant to Provisions Concerning the Acquisition of the remaining 49% Shares of Mobi724 Solutions Inc. ("Solutions Inc.") |
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Mobi724 Global Solutions Inc. (CSE: MOS) Final Issuance of Shares Pursuant to Provisions Concerning the Acquisition of the remaining 49% Shares of Mobi724 Solutions Inc. ("Solutions Inc.") |
July 01, 2017
MONTREAL, QUEBEC--(Marketwired - June 30, 2017) - Mobi724 Global Solutions Inc. (the "Company") (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a technology leader in the digital incentives, couponing and payment space, announces that it has issued 6,798,577 common Shares of the Company at market price to the previous shareholders of the Solutions Inc. pursuant to the terms of pre-defined anti-dilution provisions and agreements with those shareholders. This issuance has been reviewed by the audit committee and approved by the Board of directors and these shares issued form part of the purchase price for the remaining 49% shares of Solutions Inc. which transaction was announced on October 28, 2015, reported in the financial statements and covered during the last annual meeting. The Purchase Price was subject to a pre-defined anti-dilution provision with a cap of 18.05% of the total issued and outstanding shares of the Company and this issue covers events up to the Company's Board of directors meeting on May 1, 2017. This is the final issuance with respect to the anti-dilution provisions.
Link: http://www.marketwired.com/mw/release.do?id=2224720&sourceType=3
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