Urbanimmersive Inc V.UI

URBANIMMERSIVE INC. ("UI") BULLETIN TYPE: Property-Asset o

[eKanameStock]

URBANIMMERSIVE INC. ("UI")
BULLETIN TYPE:   Property-Asset or Share Purchase Agreement
BULLETIN DATE:  July 23, 2021
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the documentation relating to an option agreement (the "Agreement") dated June 30, 2021, between the Company and Eric Paquette (the "Vendor"), in connection with the acquisition of all the issued and outstanding shares of EGP Technovirtuel Inc. (the "Target").

Pursuant to the Agreement, the Company shall make a cash payment of $1,800,000and issue 5,714,286 common shares at a price of $0.175 per share in order to acquire all the issued and outstanding shares of the Target.

For further information, please refer to the Company's press release dated June 30, 2021.


Source: https://www.newswire.ca/news-releases/tsx-venture-exchange-stock-maintenance-bulletins-867514532.html

[laurencelefou]

If the transaction had been concluded last Friday, UI would have issued 7,142,857 shares instead of 5,715,286.  Good timing for UI shareholder, bad timing for the seller. 5,715,286 Number of shares $0.175 Share price   $1,000,000 Value   $0.14 Share price (2021-07-23

[redcoats]

I don't understand why that isn't posted on the Corporate News section on UI's website. Certainly seems relevant to me. Where are the Bulletins posted? Presumably they'd be somewhere on the website.

[eKanameStock]

Bringing this back up, This says that it closed the acquisition of EGP for the amount mentionned, but no mentions were made for the two other companies yet the total amount of given to EGP? Have they bailed out? Does EGP own them thus we own them as well? If EGP does not own them, why give EGP their shares? I think ill email management about this.