Clarocity Corp CLRYF

RE:Potential to be Acquired / Strategic Partnership

[greenisgooooood]

Clarocity puts self on auction block
2017-10-05 08:49 ET - News Release
Mr. Shane Copeland reports
CLAROCITY CORPORATION INITIATES STRATEGIC ALTERNATIVES REVIEW - BOARD MANDATES MANAGEMENT TO ENHANCE STAKEHOLDER VALUE
Clarocity Corp. has approved the commencement of a strategic alternatives review.
The board authorized the creation of a strategic alternatives committee empowered to engage outside advisers, including but limited to considering, evaluating, negotiating and implementing: joint ventures, strategic investors, sale of the company, mergers and acquisitions.
The committee is empowered to engage outside advisers included as needed: Canadian investment dealer, U.S. investment banks, and legal and accounting advisers at the direction of the committee to conduct and implement the strategic alternatives review.
The strategic alternatives committee mandate is to enhance stakeholder values, including but not limited to considering, evaluating, negotiating and implementing: joint ventures, strategic investors, sale of the company, and mergers and acquisitions.
"Considering the unsolicited approaches we are receiving from interested parties, we consider it important to commence this strategic alternative review now," said Shane Copeland, chief executive officer of Clarocity. "In order to increase stakeholder value we need to commit time and resources to weigh the best approach to unlock stakeholder value and how best to deploy our technology and platform within the evolving real estate valuation market.