Vancouver, B.C. / TheNewswire / January 8, 2019 - Mobio Technologies Inc. (TSXV: MBO) ("Mobio" or the "Company") is pleased to announce that is has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) between the Company, the shareholders of the Company and the Company's wholly-owned subsidiary Plank Ventures Ltd. (formerly 0968998 B.C. LTD.) (the "Arrangement").
Receipt of the final order follows annual and special meeting of shareholders of Mobio held on December 31, 2018, where shareholders approved the Arrangement by a special resolution.
Completion of the Arrangement is subject to the final approval by the TSX Venture Exchange, which has issued a conditional approval of the Arrangement on November 26, 2018.
Details of the Arrangement are set out in the management information circular of the Company dated November 20, 2018 (the "Circular") and the news release dated December 3, 2018 regarding the correction to the Circular available under the Company's corporate profile on SEDAR (www.sedar.com).
The Company will make further announcements regarding the share distribution record date and the implementation of the Arrangement, as appropriate.
The Company also wishes to advise that it is in preliminary discussions to acquire a software technology company. No offer has been submitted and there is no certainty that any formal offer or transaction will eventuate. The Company will update the market in the event of any material developments.
About Mobio Technologies Inc.
Mobio is a publicly traded company on the TSX Venture Exchange, headquartered in Vancouver, BC, and runs Strutta.com Media Inc. Strutta is a social promotions platform that helps marketers bring potential customers from stranger to fan to customer, and Strutta's Promotions API provides a technology platform that facilitates social media competitions and campaigns for global brands. For more information visit www.mobio.net.
For additional information contact:
Laurie Baggio, CEO Tel: 604-805-7498 firstname.lastname@example.org
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of Mobio are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Mobio are those risks described herein and from time to time, in the filings made by Mobio with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com under the profile of the Company.
Neither the TSX Venture Exchange nor its Regulatory 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.