Search Blog
Categories
June 2018
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  

Tags

Ivrnet Inc.: Amendment to Loan Agreement – Shares for Bonuses, Amendment

FSCWIRE

Ivrnet Inc.: Amendment to Loan Agreement – Shares for Bonuses, Amendment

Calgary, Alberta (FSCwire) – Ivrnet Inc. (TSXV: IVI) (“Ivrnet” or the “Corporation”)

As previously disclosed in Note 8 (a.) of the Corporation’s 2018 Interim Financial Statements for the three months ended March 31, 2018;

In connection with the subject loan amending agreement, the Corporation has agreed to issue additional share purchase warrants equal to 3% of the loan balance as at the loan agreement execution date. Accordingly, 1,522,720 additional warrants for a total of 4,961,167 share purchase warrants at an exercise price of $0.05 will be issued to R.C. Morris & Company Special Opportunities Fund III Limited Partnership (the “Lender”). 452,594 warrants will be exercisable into common shares until January 31, 2019 and the remaining warrants will be exercisable until January 31, 2023.

Further information about the foregoing amendments may be found in the pertinent loan amending agreement, a copy of which has been filed at www.sedar.com.

Further information about Ivrnet’s most recent business activities can be found under “News” on the Ivrnet website (www.ivrnet.com).

About Ivrnet

Ivrnet is a software and communications company that develops, hosts, sells and supports value added business process improvement and advertising software applications, delivered through the traditional phone network and the Internet. These applications facilitate automated interaction through personalized communication between people; mass communication for disseminating information to thousands of people concurrently and personalized communication between people and automated systems. Ivrnet’s applications are accessible through nearly any form of communication technology, at any time, from anywhere in North America via voice, phone, fax, email, texting and the Internet.

For further information, please contact:

Chris L. Topolniski – Chief Operating Officer, Ivrnet

Direct: (403) 538-9722

Cellular: (403) 870-2434

E-mail: c.topolniski@ivrnet.com

www.ivrnet.com

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.

To view the original release (with media), please click here

Source: Ivrnet Inc. (TSX Venture:IVI)

To follow Ivrnet Inc. on your favorite social media platform or financial websites, please click on the icons below.

Maximum News Dissemination by FSCwire. https://www.fscwire.com

Copyright © 2018 FSCwire