MONTREAL, June 2, 2016 /CNW Telbec/ - EXO U Inc. ("EXO
U" or the "Corporation") (TSXV: EXO) is pleased to announce that it has entered into an agreement (the "Agreement") with Tyton Partners Capital
Markets, LLC ("Tyton Partners") for the provisions of certain strategic and corporate advisory services. Under the Agreement, Tyton
Partners will provide the company with advisory services including, but not limited to, assessing business development and
partnership opportunities, including channel joint venture partnerships and identifying, evaluating and coordinating capital market
opportunities.
"Tyton Partners have extensive experience and a deep network in the global education technology industry. We are confident that
they will be able to help EXO U realize its potential" said Kevin Pawsey, CEO of EXO U.
Pursuant to the Agreement, the Corporation has agreed to issue to Tyton Partners 370,370 common share purchase warrants (the
"Warrants"), subject to approval of the TSX Venture Exchange (the "TSXV"). Each Warrant will be exercisable, for a period of five
years from the date of grant, to acquire one common share of the Corporation (a "Common Share") at an exercise price per Common
Share equal to $0.125. The Warrants will vest as follows: (i) 25% on June 15,
2016; (ii) 25% on July 15, 2016; (iii) 25% on August 15, 2016;
and (iv) 25% on September 15, 2016.
The provisions of the Agreement are subject to the approval of the TSXV and to compliance with all applicable regulatory
requirements.
About EXO U
EXO U's shares trade on the TSX Venture Exchange under the ticker symbol "EXO". EXO U develops an innovative software platform
that enables businesses and educational institutions to securely mobilize and manage their mobile workforce and students by
delivering engaging experiences spanning desktop and mobile applications. At the core of EXO U's platform is the smart and agnostic
EXO engine that unifies multiple software platforms, allowing devices to interact and communicate seamlessly together. For more
information, visit EXOU.com or follow us on Twitter
@exo_u.
About Tyton Partners
Tyton Partners is a dynamic advisory firm that serves clients across the education, information and media markets within the
global knowledge sector. Tyton Partners helps clients capitalize on opportunities and solve for challenges through its
dual-practice platform: investment banking services built on a foundation of strategy development and operating experience, and
strategy consulting services built on a foundation of transactional experience and data-based market insight. These two
complementary practices are relentlessly focused on one singular outcome: Tyton Partners' clients' optimal path forward. Visit us
at www.tytonpartners.com.
Cautionary Note Regarding Forward-Looking Information
Certain statements included herein, including those that express management's expectations or estimates of EXO U's future
performance or future events, constitute "forward-looking information" within the meaning of applicable securities laws. Such
forward-looking information and statements are often, but not always, identified by the use of words such as ""plans", "expects",
"estimates", "intends", "anticipates", or "believes", or variations of such words and phrases (or the negative form thereof) or
statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant business, economic, regulator and competitive uncertainties and
contingencies that could cause actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the forward-looking information. For additional information
with respect to certain of these and other assumptions and risk factors, please refer to EXO U's management's discussion and
analysis for the year ended March 31, 2015, available under the Company's profile on SEDAR at www.sedar.com. Forward-looking information contained herein is presented
as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a
result of new information, future events or results, except as may be required by applicable securities laws. There can be no
assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on these forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE EXO U Inc
