VXTRF - Voxtur Completes the Issuance of Shares in Connection with the Acquisition of MTE | Benzinga
TORONTO and TAMPA, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV:VXTR, OTCQB:VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that further to its news release dated February 2, 2024, the Company has completed the issuance of 5,500,000 common shares in the capital of the Company at a deemed price of $0.094 per share (the "Debt Shares"), in lieu of cash payable for the aggregate amount of $500,000 (being the outstanding cash balance of the remaining purchase price for the acquisition of Municipal Tax Equity Consultants Inc. and MTE Paralegal Professional Corporation (collectively, "MTE")), held in escrow for 18 months pursuant to an escrow agreement between the Company, the escrow agent, the seller and the guarantor (the "Escrow Amount").
The TSX Venture Exchange ("TSXV") has approved the issuance of the Debt Shares and the escrow agent has returned in cash, the Escrow Amount (together with all interest, dividends, income, capital gains and other amounts earned thereon or derived therefrom) to the Company pursuant to an amended and restated escrow agreement.
The Debt Shares are subject to the statutory four month and a day hold period that will expire on June 28, 2024.
About Voxtur
Voxtur is a transformational proptech company that is redefining industry standards in a dynamic lending environment. The ...