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TORONTO, ONTARIO--(Marketwired - Feb 24, 2016) - Imperus Technologies Corp. ("Imperus" or the "Company") (TSX VENTURE:LAB)(FRANKFURT:ISX)(FRANKFURT WKN:A12B58) announces that the Company, as part of the consideration for the acquisition of Akamon Entertainment Millennium, S.L. ("Akamon"), has issued an additional 11,382,150 common shares of Imperus to Vicenç Martí and a company controlled by Martí ("Martí") at a deemed issuance price of CAN$0.1671 (please refer to the News Release dated November 17, 2015). The issuance of the common shares to Marti was the second scheduled share grant to be issued following the receipt by Imperus of the closing date financial statements of Akamon.
Imperus also announces that it has granted a total of 4,403,297 stock options under its stock option plan to various individuals including a director of Imperus, the Company's president, certain employees of Akamon and the Company's CFO and internal legal counsel. The options will vest quarterly over two years, all subject to a four month regulatory hold period. All options are exercisable at a price of $0.075 per option for a period of five years from the date hereof. This grant of options is subject to any necessary regulatory or stock exchange approvals.
Imperus Technologies Corp., the parent company of Diwip and Akamon, is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip and Akamon design, develop and distribute their top ranked social casino-themed games within online social networks (such as Facebook) and mobile platforms (such as Android and iPhone). All of the Diwip and Akamon games are free to play and generate revenue primarily through the in-game sale of virtual coins.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute "forward looking information" which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. Forward looking information includes, but is not limited to, statements regarding the issuance of shares related to the Akamon acquisition and the issuance of stock options. Forward-looking information is provided for the purpose of presenting information about management's current expectations relating to the future events and the operating performance of the company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the company to finance the Acquisition, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Imperus or the Acquisition target operates. The foregoing list of factors is not exhaustive. Please see the Company's short form prospectus dated March 27, 2015, the Company's Annual Information Form dated November 11, 2015 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.
NEITHER 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.
Pinnacle Capital Markets Ltd.