Business News • MarketWire • Marcel Vienneau Early Warning Press Release regarding Mobi724 Global Solutions Inc. |
Marcel Vienneau Early Warning Press Release regarding Mobi724 Global Solutions Inc. |
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Marcel Vienneau Early Warning Press Release regarding Mobi724 Global Solutions Inc.
MONTREAL, QUEBEC--(Marketwired - Feb. 20, 2017) - Marcel Vienneau ("Vienneau") the CEO of Mobi Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN) ("Company" or "MOBI724") announces that on February 9, 2017, Vienneau acquired control over 7,365,920 common shares ("Common Shares") of the Company as the consideration received for the Company purchasing the remaining 49% in its subsidiary Mobi724 Solutions Inc. ("Solutions Inc.") Vienneau being part of the remaining 49% shareholders of Solutions Inc. which transaction occurred on October 28, 2015. The Company had initially acquired a 51% controlling interest in Solutions Inc. in July 2013. In the purchase of the remaining 49% in its subsidiary, the Company agreed to anti-dilution provisions with Solutions Inc. shareholders. Pursuant to the terms of the pre-defined anti-dilution provisions and agreements with those shareholders, the Common Shares acquired by Vienneau represents 5.6% of the issued and outstanding shares of the Issuer. Immediately after the acquisition, Vienneau currently holds 20,955,895 Common Shares representing 13.4% of the outstanding shares.
View More : http://www.marketwired.com/mw/release.do?id=2197102&sourceType=3
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