Mobio Share Consolidation Effective May 8, 2018
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Vancouver, B.C. / TheNewswire / May 7, 2018 – Mobio Technologies Inc. (TSXV: MBO) (“Mobio” or the “Company”) announces that, effective May 8, 2018 at market open, the Company will have consolidated (the “Consolidation”) its common shares on the basis of one (1) post-consolidation common share for every two (2) old common shares.
Prior to the Consolidation, the Company had 36,838,907 common shares issued and outstanding. After giving effect to the Consolidation, the Company will have approximately 18,419,453 common shares issued and outstanding.
The Consolidation was approved by the directors of the Company and by the TSX Venture Exchange. Neither the Company’s corporate name nor its stock symbol were changed in conjunction with the Consolidation.
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
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.
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.