Mobio Consolidates its Common Shares
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Vancouver, B.C. / TheNewswire / April 30, 2018 – Mobio Technologies Inc. (TSXV: MBO) (“Mobio” or the “Company”) announces that it proposes to consolidate its share capital on the basis of two (2) old common shares for one (1) new common share (the “Consolidation”). The proposed Consolidation is subject to the approval of the TSX Venture Exchange.
Management has carefully considered the Consolidation and concluded that a 2:1 Consolidation is in the best interest of the Company.
As of the date hereof, the Company has 36,838,907 common shares issued and outstanding. After giving effect to the Consolidation, the Company will have approximately 18,419,454 common shares issued and outstanding. The Company’s outstanding share purchase warrants and incentive stock options will also be consolidated. The Company does not propose to change its corporate name or stock symbol in conjunction with the Consolidation.
The Company also announces that it is in the process of changing its transfer agent to Odyssey Trust Company.
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.