SOURCE: CDN BVentures Ltd.

December 06, 2016 20:03 ET

CDN BVentures Ltd. To Merge with Appature Technologies Inc.

VANCOUVER, BC--(Marketwired - December 06, 2016) - Appature Technologies Inc. ("the Company" or "ATI") a company specializing in launching, acquiring and vertically integrating social media mobile applications (APP's), is pleased to announce it has entered into an agreement to merge with CDN BVentures Ltd. ( "the Issuer") an issuer reporting in BC and Alberta.

The Issuer was formed as a result of a plan of arrangement approved by the Supreme Court of British Columbia on February 5, 2015 whereby it ceased to be a subsidiary of Webwatcher Systems Inc. and became a reporting issuer.

The Issuer has 1,440,369 shares issued and will issue one share of CDN BVentures for each share issued in ATI to be effected by amalgamation with the terms of the definitive amalgamation agreement to be announced on execution of the agreement. The current issued shares of ATI is 16,169,793 shares outstanding and further shares will be issued prior to the amalgamation in respect of a contemporaneous financing.

ATI provides development, capital, executive management and introductions to strategic investors for its APPS projects. The initial main assets and business of ATI, is 100% ownership of the mobile application known as Sweetr. Sweetr, has developed and deployed a proprietary open person-to-person exchange and mobile application. In addition, ATI owns additional mobile applications and is currently working on a new product called SWIIPE.

CAUTIONARY DISCLAIMER STATEMENT:

The Company is a reporting issuer and not listed on any stock exchange. No stock exchange nor any regulation services provider accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

ON BEHALF OF THE BOARD

Donald A. Gordon, Director and CFO

Contact Information

  • Donald A. Gordon
    Director and CFO
    604-617-7221