Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Tangelo Games Corp. IPRSF

"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Post by user46on Jul 18, 2016 8:45am
159 Views
Post# 25060976

July 15 sedar acticle

July 15 sedar acticleFORM 51-102F3 MATERIAL CHANGE REPORT UNDER NATIONAL INSTRUMENT 51-102 Item 1 Name and Address of Company Tangelo Games Corp. (the Company) 65 Queen Street West Suite 800 Toronto, Ontario M5H 2M5 Item 2 June 27, 2016 Item 3 Date of Material Change News Release A news release was issued on June 27, 2016 through the facilities of Marketwire and subsequently filed on the System for Electronic Document Analysis and Retrieval. Item 4 Summary of Material Change The Company announced the change of its name from Imperus Technologies Corp. to Tangelo Games Corp effective June 28, 2016. The Company also announced that, subject to certain conditions, it amended the terms of the original Diwip acquisition agreement with the founders of Diwip, Yaniv Gamzo and Udi Kantzuker, that will see them exit and resign from their full time roles as managers of the Diwip business. Item 5 Full Description of Material Change The Company announced the change of its name from Imperus Technologies Corp. to Tangelo Games Corp effective June 28, 2016. The Company also announced that, subject to certain conditions, it amended the terms of the original Diwip acquisition agreement with the founders of Diwip, Yaniv Gamzo and Udi Kantzuker, that will see them exit and resign from their full time roles as managers of the Diwip business. Pursuant to this amendment agreement, the Company will settle a portion of the year-one earnout originally owed in cash to the Diwip founders under the Diwip acquisition agreement in common shares of the Company (Common Shares) rather than cash. In this regard, each Diwip founder will be issued the number of Common Shares equal to the Canadian dollar equivalent of US$113,010 divided by $0.10 (the Earnout Shares) rather than receiving a cash payment of US$113,010. The issuance of the Earnout Shares is subject to, among other things, TSXV approval. The remaining portion of the year-one earnout owed to the Diwip founders will be paid in cash and Common Shares pursuant to the original terms of the Diwip acquisition agreement. All further potential payments to the Diwip founders, other than the year-one earnout, to be paid pursuant to the Diwip acquisition agreement, including the year-two earnout, are cancelled.
<< Previous
Bullboard Posts
Next >>