Mobi724 Global Solutions Inc. (CSE:MOS) Acquires the Remaining 49 Shares of Mobi724 Solutions Inc. (“Solutions Inc.”)
MONTREAL, QUEBEC–(Marketwired – Oct. 29, 2015) – Mobi724 Global Solutions Inc. (the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that it has successfully completed the acquisition of the remaining 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} tranche of Solutions Inc. The Company had initially acquired a 51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} controlling interest in Solutions Inc. in July 2013. This transaction renders Solutions Inc. a wholly owned subsidiary of the Company.
Stephane Boisvert, Chairman of the Board stated: “As one of the instigators of the initial transaction 2 years ago, I am very pleased as this transaction will bring the digital couponing solution, which is now core to our suite of solutions and which is already generating revenue from multiple global brands in various countries, 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} under the Company’s control.”
The purchase price for the remaining 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} shares of Solutions Inc. represents 20.70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015 (the “Purchase Price”) after issuance of shares to the remaining shareholders of Solutions Inc. (the “Remaining Shareholders of Solutions Inc.”). At closing, the Remaining Shareholders of Solutions Inc. received 14,493,074 common shares of the Company which represents 20.70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015. The Purchase Price is subject to a pre-defined anti-dilution provision with a cap of 18.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total issued and outstanding shares of the Company. The anti-dilution provision covers the current $3,200,000 round of financing, which the Company is seeking to raise and all outstanding debentures that are slated to be converted at year’s end including the debentures converted on October 20, 2015.
As the CEO of the Company, Marcel Vienneau stated: “Today all of the founders of Mobi724 Solutions Inc. are key executives of the Company. This shows the degree of confidence and commitment that the founders of Mobi724 Solutions Inc. have in the future success of the Company. As a shareholder group, the shareholders of Mobi724 Solutions Inc. now represent the largest shareholder group of the Company and, as key members of the management team, we intend to accelerate the creation of value for all of the Company’s investors. Our digital incentives and couponing solutions are very innovative and bring a great deal of value to players in the global payment space such as banks, mobile carriers and large retailers. Our “best of the breed” solutions are in revenue mode and have begun to gain traction with many global brands in multiple countries. All of this simply adds to the Company’s ‘smart transaction’ vision.”
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE: MOS), a corporation based in Montreal, Canada, is a technology leader whereas we offer a unique fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to leverage commoditized payment transactions with layers of intelligence on top of these transactions (smart transactions) and enhance their value for the players in this eco-system: customers, banks, mobile carriers and retailers in a seamless experience.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724 PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
SOURCE Mobi724 Global Solutions Inc.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Corporation’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Corporation or to any individual expressing them in the name of the Corporation. Unless required by law, the Corporation is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
Mobi724 Global Solutions Inc.
Mr. Marcel Vienneau
1-514-394-5200 Ext 413
www.mobi724globalsolutions.com
- Published in Mobi724 Global Solutions
Int’l Wastewater (IWS:CSE) Investor Lee Acquires 27.5 M Shares
International Wastewater Systems (IWS:CSE) Investor Paul Bernard Lee Acquires 27.5 Million Shares
Paul Bernard Lee of 180 Swick Rd., Kelowna, B.C., Canada, V1W 4J5, has acquired ownership and control of 27.5 million common shares of International Wastewater Systems Inc. (formerly Amana Copper Ltd.), at a deemed price of 14 cents per common share, pursuant to a share exchange agreement among IWS, International Wastewater Heat Exchange Systems Ltd. (IWHES) and the shareholders of IWHES dated Sept. 4, 2015. The shares were issued to Mr. Lee is exchange for his common shares of IWHES at a ratio of 250,000 common shares of IWS for each common share of IWHES. These securities represent approximately 34 per cent of the issued and outstanding common shares of IWS.
The securities were acquired for investment purposes, and Mr. Lee may acquire further securities of IWS in the future.
The securities were issued under an exemption from the prospectus requirements set out in Section 2.16 of NI 45-106, Prospectus Exemptions.
An early warning report of Mr. Lee containing additional information with respect to his acquisition of common shares of IWS will be filed under IWS’s SEDAR profile within the time permitted by law.
A copy of the early warning report may be obtained by contacting Lynn Mueller, chief executive officer of IWS, at 1-604-219-2838.
Mobi724 Global Solutions Inc. Acquires the Remaining 49 Shares of Mobi724 Solutions Inc.
Mobi724 Global Solutions Inc. (MOS:CSE) Acquires the Remaining 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Shares of Mobi724 Solutions Inc. (“Solutions Inc.”)
Mobi724 Global Solutions Inc. (the “Company”) (MOS:CSE), a technology leader in the digital incentives, couponing and payment space, announces that it has successfully completed the acquisition of the remaining 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} tranche of Solutions Inc. The Company had initially acquired a 51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} controlling interest in Solutions Inc. in July 2013. This transaction renders Solutions Inc. a wholly owned subsidiary of the Company.
Stephane Boisvert, Chairman of the Board stated: “As one of the instigators of the initial transaction 2 years ago, I am very pleased as this transaction will bring the digital couponing solution, which is now core to our suite of solutions and which is already generating revenue from multiple global brands in various countries, 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} under the Company’s control.”
The purchase price for the remaining 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} shares of Solutions Inc. represents 20.70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015 (the “Purchase Price”) after issuance of shares to the remaining shareholders of Solutions Inc. (the “Remaining Shareholders of Solutions Inc.”). At closing, the Remaining Shareholders of Solutions Inc. received 14,493,074 common shares of the Company which represents 20.70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015. The Purchase Price is subject to a pre-defined anti-dilution provision with a cap of 18.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total issued and outstanding shares of the Company. The anti-dilution provision covers the current $3,200,000 round of financing, which the Company is seeking to raise and all outstanding debentures that are slated to be converted at year’s end including the debentures converted on October 20, 2015.
As the CEO of the Company, Marcel Vienneau stated: “Today all of the founders of Mobi724 Solutions Inc. are key executives of the Company. This shows the degree of confidence and commitment that the founders of Mobi724 Solutions Inc. have in the future success of the Company. As a shareholder group, the shareholders of Mobi724 Solutions Inc. now represent the largest shareholder group of the Company and, as key members of the management team, we intend to accelerate the creation of value for all of the Company’s investors. Our digital incentives and couponing solutions are very innovative and bring a great deal of value to players in the global payment space such as banks, mobile carriers and large retailers. Our “best of the breed” solutions are in revenue mode and have begun to gain traction with many global brands in multiple countries. All of this simply adds to the Company’s ‘smart transaction’ vision.”
About Mobi724 Global Solutions
Mobi724 Global Solutions (MOS:CSE), a corporation based in Montreal, Canada, is a technology leader whereas we offer a unique fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to leverage commoditized payment transactions with layers of intelligence on top of these transactions (smart transactions) and enhance their value for the players in this eco-system: customers, banks, mobile carriers and retailers in a seamless experience.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724 PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
Equitas (EQT:V) Closes Final Tranche of Financing
Equitas Resources Corp. Closes Final Tranche of Private Placement, Raising over $1.9M
Equitas Resources Corp. has closed the second and final tranche of the private placement that was announced on Sept. 10, 2015. This closing included gross proceeds raised of $309,500.
The company has issued 2,476,000 units at 12.5 cents per unit. Each unit consists of one common share and one share purchase warrant. Every share purchase warrant entitles the holder to purchase one common share at a price of 25 cents for 12 months after the closing.
Combining both tranches, the company issued a total of 10,887,393 units for combined gross proceeds of $1,360,924. In addition, since Sept. 1, 2015, the company has received over $550,000 through the exercise of share purchase warrants and stock options.
All securities hereunder are subject to a four-month-and-one- day hold from the closing date. Finders’ fees paid in conjunction with this closing were $10,625 cash and the issuance of 64,000 share purchase warrants exercisable for 12 months from closing at 25 cents per share.
The proceeds received from the units will be used by the company for continuing exploration and drilling of the company’s Garland nickel project, corporate development, and general and administrative purposes.
Mobi724 Global Solutions Inc. (CSE:MOS) Conversion of Debenture and Bona Fide Debt
MONTREAL, QUEBEC–(Marketwired – Oct. 28, 2015) – Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that on October 20th, 2015 the debenture of $1,900,000 issued between April and July 2014 (the “April-July 2014 Debenture”) was converted into common shares of the Company. The capital and interest accrued up to October 20th, 2015 of the April-July 2014 Debenture, which amounted to $2,190,507, were converted at a price of $1.00 per common share. Pursuant to the terms of the April-July 2014 Debenture each converted common share carries with it a 3/4 purchase warrant with an exercise price of $1.45 which expires 24 months from the date of issuance. As a result of the aforementioned conversion, 2,190,507 common shares and 1,642,880.19 purchase warrants were issued.
The Company further announces that today it converted bona fide debts owing to its suppliers, employees, consultants and creditors (the “Interested Parties”) totalling $931,208.98 into common shares of the Company (the “Debt to Equity Transaction”) at an average conversion price of $0.17 per share. As a result of this Debt to Equity Transaction the Company issued 5,575,029 common shares to the Interested Parties.
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE:MOS), a corporation based in Montreal, Canada, is a technology leader whereas we offer a unique fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to leverage commoditized payment transactions with layers of intelligence on top of these transactions (smart transactions) and enhance their value for the players in this eco-system: customers, banks, mobile carriers and retailers in a seamless experience.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724 PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
Mobi724 Global Solutions Inc.
Mr. Marcel Vienneau
1-514-394-5200 Ext 413
www.mobi724globalsolutions.com
- Published in Mobi724 Global Solutions
Equitas Resources Corp. Updates Exploration Program on its Garland Nickel-Copper Property
October 20, 2015 – Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (“Equitas” or the “Company”) is pleased to provide an update on its exploration program at the Garland nickel-copper property in Labrador, Canada.
To date, four NQ diamond drill holes, totaling 1515m have been completed. The objective of the drill program is to evaluate the remaining ten areas of conductivity prospective for nickel-copper sulphides identified through the VTEM Plus airborne survey. Of these anomalies, drilling has tested anomalies D, C, J and Q. A total of 173 samples have been sent to Activation Laboratories in Ancaster, ON for analysis, and samples are being selected for petrographic study.
Field evaluation of the twelve VTEM anomaly areas continues with Crone large loop PEM surveys. A total of 30 line km of Crone large loop Pulse Electromagnetic Survey (PEM) has been read on anomalies A, B, C, Q, G, J and I. Results of Crone borehole PEM surveys are being interpreted. Field operations to explore the remaining anomalies will continue until conditions deteriorate into winter.
In addition, the Company is conducting petrographic analysis on several samples from anomalies D and J. While weather conditions have created general delays in the program, field operations are continuing on site. A full geophysics and drilling update will be provided upon receipt and interpretation of results.
“We are satisfied with the progress of work completed to date, and await full results from the current program. Despite a very tough financing climate, Equitas is well-funded to execute on our plans to evaluate all anomalies identified on the Garland property.” said Everett Makela, Equitas’ VP Exploration.
NI 43-101 Disclosure
Everett Makela, P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Equitas Resources Corp.
Equitas Resources is a Canadian-based mineral exploration company with a focus on nickel, copper, platinum group metals (PGM) and cobalt. The Companies Garland Property is 23,386 hectares and located in the Voisey’s Bay district of Labrador, Canada.
1450 – 789 West Pender St. Vancouver, BC V6C 1H2
T: +1.604.681.1568 / F: +1.604.681.8240 / TF: 1.877.377.6222
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Kyler Hardy”
Kyler Hardy
President
Tel: 604.681.1568
info@equitasresources.com
Neither TSX Venture Exchange nor it 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.
Forward-Looking Statements
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Forward looking statement in this news release for example, would be the statement that the Company will follow through with the exploration plans until all anomalies have been evaluated. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Factors that could cause actual results to differ materially include that we are unable to raise sufficient interest in the financing; that we may not be able to raise sufficient funds to complete our intended exploration and development; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Except as required by law, we do not undertake to update these forward looking statements.
- Published in Equitas Resources
Equitas Resources Corp. Closes Final Tranche of Private Placement, Raising over $1.9M
October 28, 2015 – Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (“Equitas” or the “Company”) is pleased to announce that it has closed the second and final tranche of the private placement that was announced on September 10, 2015. This closing included gross proceeds raised of $309,500.
The Company has issued 2,476,000 Units at $0.125 per Unit. Each Unit consists of one common share and one share purchase warrant. Every share purchase warrant entitles the holder to purchase one common share at a price of $0.25 for 12 months after the closing.
Combining both tranches, the Company issued a total of 10,887,393 Units for combined gross proceeds of $1,360,924. In addition, since September 1,2015 the Company has received over $550,000 through the exercise of share purchase warrants and stock options.
All securities hereunder are subject to a four month and a day hold from the closing date. Finders fees paid in conjunction with this closing were $10,625 cash and the issuance of 64,000 share purchase warrants exercisable for 12 months from closing at $0.25 per share.
The proceeds received from the Units will be used by the Company for ongoing exploration and drilling of the Company’s Garland Nickel Project, corporate development and general and administrative purposes.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Kyler Hardy”
Kyler Hardy
President
Tel: 604.681.1568
info@equitasresources.com
Neither 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.
It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertaintiesinclude economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for nickel may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company’s Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
- Published in Equitas Resources
International Wastewater Systems (IWS:CSE) completes RTO
INTERNATIONAL WASTEWATER SYSTEMS INC. COMPLETES RTO
International Wastewater Systems Inc. (IWS:CSE) (formerly Amana Copper Ltd.) has completed the acquisition of International Wastewater Heat Exchange Systems Inc. (IWHES), pursuant to a share exchange agreement dated Sept. 4, 2015. The Transaction constituted a reverse takeover and a fundamental change under the policies of the Canadian Securities Exchange (“CSE”).
IWHES is a world leader in state-of-the-art wastewater heat exchange systems. Using direct heat exchange from untreated wastewater, IWHES technology provides the most energy-efficient, cost-effective and environmentally-friendly solutions for heating, cooling and hot water for any building.
Pursuant to the terms of the Agreement, the Company issued to IWHES’ shareholders a total of 45,000,000 common shares in the capital of the Company (the “Common Shares”). The Common Shares issued to IWHES’ shareholders are subject to escrow as required by applicable securities laws and CSE requirements.
In connection with the Transaction, IWHES also acquired shares of IWWS (UK) Limited, a subsidiary of IWHES, from minority shareholders, such that IWWS (UK) Limited is now wholly-owned by IWHES. In consideration for the minority interests in IWWS (UK), the Company has issued an aggregate of 2,000,000 Common Shares, 500,000 options to purchase Common Shares for a period of five years at an exercise price of $0.42, and may grant up to an additional 2,000,000 Common Shares upon IWWS (UK) Limited achieving certain future financial milestones.
Appointment of Directors and Officers
In connection with the Transaction, the Company is pleased to announce the appointments of Mr. Lynn Mueller, Mr. Mark McCooey, and Mr. Paul Lee to the board of directors of the Company.
Mr. Lynn Mueller has also been appointed Chairman and Chief Executive Officer of the Company and Mr. Yaron Conforti remains as the Company’s Chief Financial Officer and a Director.
Lynn Mueller, Chairman, Chief Executive Officer and Director
Mr. Lynn Mueller is the co-founder and serves as Chief Executive Officer of International Wastewater Heat Exchange Systems Inc. Mr. Mueller has over 25 years of experience with energy efficiency and renewable energy systems. He has served as president of WaterFurnace Canada and WaterFurnace International and founded Pacific Geo-Exchange Inc. and Earth Source Energy Inc..
Paul Lee, Director
Mr. Paul Lee is the President and CEO of Lee Energy Systems, an oilfield tool company. From 1990-2010 Mr. Lee was President and CEO of DSI Industries. Mr. Lee has extensive experience in the innovation, development and commercialization of products in the oilfield services sector.
Mark McCooey, Director
Mr. Mark McCooey, CGA, has been the Chief Executive Officer and Chief Financial Officer of SEI Industries for over 25 years. SEI is a world leader in the design, engineering and manufacturing of products from innovative industrial fabrics. Mr. McCooey has acted as a senior executive and board member for a number of private and public companies in the areas of renewable energy and sustainable development.
Name Change and New Trading Symbol
In connection with the Transaction, the Company changed its name to International Wastewater Systems Inc. and its trading symbol to IWS (formerly “AMA”) to reflect the Company’s new business.
Additional information on the Transaction and the business of IWHES is provided in the Company’s CSE Form 2A Listing Statement which is available under the Company’s SEDAR profile at www.sedar.com.
Mobi724 Global Solutions Inc. (MOS:CSE) Conversion of Debenture and Bona Fide Debt
Mobi724 Global Solutions Inc. (MOS:CSE) Conversion of Debenture and Bona Fide Debt
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (MOS:CSE), a technology leader in the digital incentives, couponing and payment space, announces that on October 20th, 2015 the debenture of $1,900,000 issued between April and July 2014 (the “April-July 2014 Debenture”) was converted into common shares of the Company. The capital and interest accrued up to October 20th, 2015 of the April-July 2014 Debenture, which amounted to $2,190,507, were converted at a price of $1.00 per common share. Pursuant to the terms of the April-July 2014 Debenture each converted common share carries with it a ¾ purchase warrant with an exercise price of $1.45 which expires 24 months from the date of issuance. As a result of the aforementioned conversion, 2,190,507 common shares and 1,642,880.19 purchase warrants were issued.
The Company further announces that today it converted bona fide debts owing to its suppliers, employees, consultants and creditors (the “Interested Parties”) totalling $931,208.98 into common shares of the Company (the “Debt to Equity Transaction”) at an average conversion price of $0.17 per share. As a result of this Debt to Equity Transaction the Company issued 5,575,029 common shares to the Interested Parties.
About Mobi724 Global Solutions
Mobi724 Global Solutions (MOS:CSE), a corporation based in Montreal, Canada, is a technology leader whereas we offer a unique fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to leverage commoditized payment transactions with layers of intelligence on top of these transactions (smart transactions) and enhance their value for the players in this eco-system: customers, banks, mobile carriers and retailers in a seamless experience.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724 PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
Dundee Sustainable Technologies: Appointment of a Director and Chair of the Audit Committee
MONTREAL, QUEBEC–(Marketwired – Oct. 27, 2015) – Dundee Sustainable Technologies Inc. (“DST“) (CSE:DST) is pleased to announce the appointment of Mr. Brian Howlett as a director of the Corporation and as Chair of the Audit Committee. Mr. Howlett is a graduate from Concordia University and is a Chartered Professional Accountant (“CPA, CMA”) with over 30 years of experience in senior financial roles. Mr. Howlett has served as senior officer of numerous public companies over his career. He currently serves as President and CEO of CR Capital Corp and on the Board of Directors of Superior Copper Corporation, both TSXV listed companies.
About Dundee Sustainable Technologies, a company controlled by Dundee Corporation
DST is engaged in the development of technologies for the treatment of complex material from the mining industry. DST proprietary processes are applied for the extraction of precious and base metals and for the stabilization of contaminants, such as arsenic, from ores, concentrates and tailings, which cannot be extracted or stabilized with conventional processes because of metallurgical issues or environmental considerations.
At present, DST utmost technological advances are associated to the extraction of precious metals using chlorination. This process provides a cyanide-free alternative for the exploitation of gold deposits. The primary benefits of the innovative technology are shorter processing times, a closed-loop operation eliminating the need for costly tailings pond, reduced environmental footprint related to inert and stable characteristics of the tailings.
The chlorination process developed by DST is a recognized “green technology” for which it was awarded a $5.7 million grant for the construction and operation of a $25 million demonstration plant. The commissioning of the demonstration plant, with a capacity of 15 tonnes per day of concentrate is expected to be completed by the end of October 2015 and will serve as a platform for the chlorination extraction technology on an industrial scale.
In addition, DST is currently constructing a pilot plant for its arsenic stabilization process which calls for the sequestration of the contaminants in a stable glass form. This process is becoming an attractive technique to segregate the toxic material and is therefore opening opportunities for materials considered to contain too much arsenic to be exploited or stabilized using conventional approaches.
DST has filed, published and granted patents for these processes in several countries.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation’s control. These factors include: general market and industry conditions, risks related to continuous operations and to commercialization of new technologies and other risks disclosed in the Corporation’s filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Dundee Sustainable Technologies Inc.
John W. Mercer
President and CEO
(514) 866-6193
(514) 866-6001 # 239
info@dundeetechnologies.com
- Published in Dundee Sustainable Technologies