Uniserve enters Share Exchange Agreement to acquire an additional 20% of Glenbriar Technologies
July 04 2017 - 3:04PM
Uniserve Communications Corporation (TSX-V:USS) is pleased to
announce, subject to regulatory approval, it has entered into an
agreement with the five principals and directors of Glenbriar
Technologies Inc. to acquire an additional 20% of the issued and
outstanding shares.
Uniserve will exchange 2,148,450 (post consolidation) Uniserve
shares for an additional 26,855,804 Glenbriar shares held by the
directors of Glenbriar. Upon closing of this transaction, Uniserve
will own 82.2% of the issued and outstanding shares of
Glenbriar. The expected closing date for this transaction is
on or before July 31, 2017.
As Uniserve’s CEO Nicholas Jeffery stated, “This is another
vital step in the integration of the Glenbriar team into Uniserve,
allowing us to deliver on our strategy to build revenue, strengthen
our managed service portfolio and expand nationally across
Canada.”
Uniserve further wishes to announce that it has closed on the
transaction to purchase Xanity Cloud Solutions Inc. as announced in
the June 12, 2017 press release.
About Uniserve
Uniserve is a unified communications company which has been in
existence for over 28 years, combining voice, data and media all
into one seamless solution, one bill and one point of contact in
Canada.
Uniserve has 13,000 customers spread across Residential / Small
Office / Home office and Enterprise, so where ever you are trying
to make smart, secure and resilient – we can help you.
Uniserve prides itself on world class customer services, when
all else is equal you can trust Uniserve to have a great price, a
world class customer experience and a company you trust and like
working with.
This news release was prepared on behalf of the Board of
Directors, which accepts full responsibility for its contents.
Learn more at www.uniserve.com or at www.sedar.com.
Michael C. Scholz Chairman of the Board
For more information please contact Mr. Mark Stanton at
604-395-3908 or email us at mark.stanton@uniserveteam.com.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. Management has prepared this release and no
regulatory authority has approved or disapproved the information
contained herein. The statements contained in this news release
that are not historical facts are forward looking statements. Such
statements are based on management’s estimates, assumptions and
projections using available information. Uniserve cautions that
actual financial results could differ materially from the current
expectations due to a number of factors.
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