Peeks Social Shareholders Approve Personas Transaction
2018年4月19日 - 7:00PM
Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“
Peeks
Social” or the “
Company”) today announced
that an Annual and Special Meeting of Shareholders of Peeks
Social was held on April 18, 2018 (the
“
Meeting”). The Meeting was held for the
purposes of approving the amalgamation transaction with
Personas.com Corporation (“
Personas”), along with
other more routine matters. Details of the matters acted upon at
the Meeting, including details regarding the transaction with
Personas, can be found in the Company’s Information Circular dated
March 19, 2018, as posted under the Company’s profile on SEDAR. The
Company is very pleased to report the results were as follows:
APPROVING THE AMALGAMATION OF PEEKS SUBCO WITH
PERSONAS.COM CORPORATION
FOR – 95.96%AGAINST – 4.04%
The transaction also received minority
shareholder approval at the Meeting in accordance with National
Instrument 61-101 “Protection of Minority Security Holders in
Special Transaction”.
Personas is holding a meeting of its
shareholders on May 1, 2018, to also approve the transaction. The
Company anticipates closing the transaction immediately following
the Personas shareholders meeting subject to a favourable vote by
Personas shareholders.
The Company is also pleased to report that Mark
Itwaru, William Lavin, Vincent McLeod, Fareed Amin, and Jim
Westlake were re-elected as directors of the Company at the Meeting
and Jasmine Ganie-Hobbs was elected as a new director.
Shareholders approved all other items of
business put forth at the Meeting.
The Company also announced that further to its
press release dated March 29, 2018, it has received the acceptance
of the TSX Venture Exchange to extend the expiry date of
outstanding warrants exercisable to purchase 7,200,000 common
shares (the “Warrants”). Of the 7,200,000 Warrants, 3,338,498 were
issued on April 12, 2017 (including 555,555 held
by Mark Itwaru, CEO of the Company), and 3,861,502 were issued
on April 28, 2017. The Warrants are exercisable at
a $1.10 per common share on a one-for-one basis and had
an original expiry date of one year from the date of grant. The new
expiry dates of the Warrants are October 12, 2019,
and October 28, 2019, respectively. All other terms and
conditions of the Warrants remain unchanged.
For further information, please contact:
Peeks Social Ltd.Mark Itwaru
Chairman
& Chief Executive Officer
416-815-7000
mark@peeks.com
David VinokurovDirector Investor
Relations416-716-9281davidv@peeks.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
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