More on Insider Buying Multiple buying at SLYCE Inc. (V:SLC)
Updated Thursday Mar 31, 2016 02:22 AM EDT
The following insiders have reported acquiring Common Shares t a price of $0.100 through a prospectus or prospectus exempt offering on March 24th, 2016.
Business Instincts Group Inc., a Deemed Insider, acquired 1,400,000 Common Shares on a direct ownership basis. This represents a $140,000 investment into the company's shares and an account share holdings change of 17.9%.
Funtastic Holdings Limited, a 10% Holder, acquired 900,000 Common Shares on an indirect ownership basis for registered holder Scotia Wealth Management. This represents a $90,000 investment into the company's shares and an account share holdings change of 2.5%.
Erika Katherine Racicot, a Senior Officer, Director and Subsidiary Executive, acquired 150,000 Common Shares. This represents a $15,000 investment into the company's shares and an account share holdings change of greater than 100%.
SLYCE Inc. is in the Software Sub Industry Group under the Technology Sector.
Slyce Inc. is a Canada-based visual search technology company. The Company, through its subsidiaries is engaged in the business of providing advanced imaging technology visual search software that allows consumers to purchase products. Through visual search, the Company allows retailers and brands to have their products purchased anywhere. The technology developed by the Company consists of four items: Image recognition as a service, Direct to Consumer App (DCA), Mobile camera Software Development Kit (SDK), and Publisher Widget. The Company's clients use Application Programming Interface (API) for mobile object recognition using its image recognition technology. DCA is its shopping application. It is in beta testing with a full Graphical User Interface (GUI), system architecture documents, and a deployable Android Application Package (APK) file. The Company has built a custom mobile SDK for both iOS and Android. The publisher widget is in a beta stage for internal testing purposes.