Vogogo completes amalgamation, confirms listing on the TSXV and grant of options
On September 11, 2014, Redfall Technologies Inc. (Redfall) and Southtech Capital Corporation (Southtech) completed a business combination transaction by way of an amalgamation of Redfall with Southtech to form Vogogo Inc.
As a condition to closing the amalgamation, Redfall completed a brokered and non-brokered private placement financing of 11,333,332 subscription receipts at C$0.75 per subscription receipt and raised gross proceeds of approximately C$8.5 million. Upon completion of the amalgamation, these subscription receipts converted into 11,333,332 common shares of Vogogo.
The amalgamation also constituted the Qualifying Transaction for Southtech, under Policy 2.4 of the TSXV Corporate Finance Manual, and Vogogo (formerly Southtech) received its final TSX Venture Exchange ("TSXV") acceptance upon closing of the combination. Vogogo will be reinstated for trading on the TSXV on or about September 15, 2014 under the trading symbol "VGO".
Vogogo is a payment services company with expertise in software development.
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