SLYCE CLOSES PREVIOUSLY ANNOUNCED SALE OF OPERATING ASSETS AND CHANGES NAME
Slyce Inc. has closed the previously announced sale of its operating assets to an affiliate of Anzu Partners LLC, an investment firm based in Washington.
The company and purchaser entered into a definitive agreement to complete the transaction on Nov. 29, 2016, subject to shareholder approval and other customary closing conditions. At a special shareholder meeting held on Dec. 21, 2016, 96.83 per cent of the votes cast was in favour of the transaction. Remaining conditions were satisfied to enable closing today.
The company also received authorization at the special shareholder meeting to change its legal name from Slyce Inc. to Pounce Technologies Inc. since the Slyce name transferred with the operating assets. This name change will be implemented immediately and will be completed within the next few days.
The company intends to apply to migrate its listing to the lower-cost NEX.