MONTREAL, QUEBEC--(Marketwired - June 23, 2016) - AtmanCo Inc. ("AtmanCo" or the "Company") (TSX VENTURE:ATW), a leader and innovator in web psychometric test solutions for the corporate market and the consumer market, announces today the sale by Fonds COTE 100 RÉA II ("Cote 100") of a block of 4,500,000 common shares of AtmanCo ("Shares") at a price of $0.04 each for a total price of $180,000. This block represents approximately 8.9% of the outstanding Shares. In connection with this private, off-exchange sale, the Company's president, Michel Guay, has purchased 2,250,000 Shares.
Before this acquisition, Mr. Guay held, directly or indirectly through Fiducie Michel Guay (the "Trust"), 14,250,000 Shares and 250,000 Share purchase options, representing 28.21% of the outstanding Shares on a non-diluted basis and 28.56% on a partially-diluted basis. Following this acquisition, he will hold 16,500,000 Shares, representing 32.66% of the outstanding Shares on a non-diluted basis and 33% on a partially-diluted basis.
Mr. Guay holds his Shares for investment purposes and to exercise control over AtmanCo. This investment may be occasionally revised and Mr. Guay's holdings may be increased or decreased in the future, as the case may be.
In order to obtain a copy of the early warning report filed by Mr. Guay, please contact him using the contact information below, or refer to AtmanCo's profile on SEDAR at www.sedar.com.
Cote 100's sale of the Shares is expected to close on or about July 11, 2016.
Forward-Looking Statements Disclaimer
Certain statements in this press release may be forward-looking. Such statements include those with respect to the closing of the sale of Shares by Cote 100. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) Cote 100 will fulfill its contractual obligations to complete the sale of the Shares and (ii) no technical, regulatory or other obstacle will arise that would delay or prevent the sale of the Shares. Factors that could cause actual results to differ materially from expectations include (i) Cote 100's inability or unwillingness to fulfill its contractual obligations, in whole or in part and (ii) the occurrence of technical, regulatory or other obstacles that would delay or prevent the sale of the Shares. A description of other risks affecting AtmanCo's business and activities appears under the heading "Risks Factors and Uncertainty" on pages 9 and 10 of AtmanCo's 2015 annual management's discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that AtmanCo will derive therefrom. In particular, no assurance can be given as to the future financial performance of AtmanCo. AtmanCo disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.
Additional information regarding the Company are available on SEDAR www.sedar.com
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AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo's solutions also enable impacting the major consumer market by easily integrating them with our partners' technological solutions.