Vogogo Inc. Announces Earn-Out Milestone and Issuance of Shares
(firmenpresse) - PALO ALTO, CALIFORNIA and CALGARY, ALBERTA -- (Marketwired) -- 12/03/15 -- Vogogo Inc. ("Vogogo" or the "Corporation") (TSX VENTURE: VGO) announces that, pursuant to the previously announced share purchase agreement dated January 1, 2015 in which it acquired all of the issued and outstanding shares of Vanado, Inc. (the "Agreement"), certain of the performance conditions set out in the Agreement have been satisfied and an aggregate of 591,366 common shares in the capital of Vogogo ("Shares") have been issued pursuant to the Agreement at a deemed value of $500,000, based on the 5 day VWAP of the Shares on the TSX Venture Exchange ("TSXV") ending on November 27, 2015.
About Vogogo
Vogogo is a TSXV publicly traded risk management and payment services company. Founded in 2008, Vogogo designed, built and launched its automated risk management and payment processing technology while continuing to grow its expertise in software development, technology, banking, compliance, payments and transactional risk management. Vogogo is now executing on its plan to offer its services to key global markets. The plan focuses on market opportunities where Vogogo believes it has a competitive advantage due to its experience, positioning and technology.
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READER ADVISORY
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
None of the information contained on, or connected to, Vogogo''s website is incorporated by reference herein.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may contain forward-looking information. The words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Vogogo. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Vogogo. Vogogo does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.
Contacts:
For information or interview please contact:
Geoff Gordon
Chief Executive Officer
403-648-9292
Rodney Thompson
Chief Revenue Officer
403-648-9292
Jesse Miles
Capital Markets Manager
403-700-2606
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Datum: 03.12.2015 - 15:45 Uhr
Sprache: Deutsch
News-ID 1402328
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PALO ALTO, CALIFORNIA and CALGARY, ALBERTA
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Software
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