EQ Inc. Completes Debt Financing
Toronto, Ontario (FSCwire) - EQ Inc. (TSX: EQ) (the “Corporation”) announced today that it has closed a debt financing (the “Offering”). The Offering consisted of $700,000 15% secured notes (“Notes”), $300,000 of such Notes having been subscribed for by certain insiders of the Corporation. The Notes, which are non-convertible, have a six-month maturity and all interest and principal owing under the Notes is payable at maturity.
The Offering constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Holders in Special Transactions (“MI 61-101”). The Corporation is relying, however, on an exemption from the valuation and minority voting requirements of MI 61-101.
The Corporation continues to execute on its business plan while considering all strategic alternatives available to accelerate growth.
About EQ Works
EQ Works (www.eqworks.com) provides a smarter way to target customers. The Corporation uses its real-time technology and advanced analytics to detect the actionable data that boosts performance for all web, mobile, social and video initiatives. EQ Works balances the many components that comprise the complex advertising ecosystem and establishes equilibrium for reaching the right audience at the right time through any web or mobile device.
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Forward-Looking Statements
This news release may contain forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. The Corporation is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
EQ Inc.
1255 Bay Street, Suite 400| Toronto, Ontario |M5R 2A9
p: 416.597.8889 f: 416.597.2345
press@eqworks.com
www.eqworks.com
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public://news_release_pdf/EQIncMar302015.pdfSource: EQ Inc. (TSX:EQ) http://www.eqworks.com/
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