TSXV:POI.H - Post by User
Comment by
titanicleseron Jun 21, 2016 7:47am
111 Views
Post# 24982699
RE:RE:Spoke with Roy
RE:RE:Spoke with RoyTed Mann's SnipSnap received 4.6 Million shares last year as Slyce acquired SnipSnap.
https://www.marketwired.com/press-release/slyce-inc-acquires-leading-mobile-couponing-app-snipsnap-tsx-venture-slc-1987052.htm The aggregate purchase price paid by Slyce for SnipSnap is comprised as follows: (i) US$1 million in cash payable at closing (the "Closing Date"); (ii) US$3 million in Common Shares issued at Closing Date at an issue price of CDN$0.80 per share (the "Share Price"), such that 4,671,201 Common Shares are issuable; and (iii) up to US$2.5 million in Common Shares ("Earn-Out Shares") issued at future determined share prices, upon the achievement of certain revenue milestones by December 31st, 2015 and December 31st, 2016.