TORONTO, ONTARIO--(Marketwired - March 29, 2016) - Pursuant to a private placement, Riavera Corp. ("Riavera"), 184 Front Street East, Suite 701, Toronto, Ontario M5A 4N3, acquired 520,000 units of Keek Inc. (the "Corporation") each unit consisting of one common share of the Corporation and one warrant of the Corporation, and converted its $3 million note (the "Note"), plus interest, into 13,792,333 common shares of the Corporation, representing in aggregate 32.9% of the outstanding common shares of the Corporation on a partially diluted basis. Riavera, together with Personas.com Corporation and Mark Itwaru, which may be considered joint actors of Riavera, now owns and controls, 17,826,333 common shares of the Corporation, representing 40.0% of the outstanding common shares of the Corporation on a undiluted basis, 4,034,000 warrants each exercisable to purchase one common share of the Corporation, and 300,000 options each exercisable to purchase one common share of the Corporation, representing in aggregate, 45.4% of the outstanding common shares of the Corporation on a partially diluted basis. Riavera paid 25 cents per unit and converted its Note at 25 cents per share. Riavera acquired the common shares and warrants, for investment purposes and may, depending on market and other conditions, increase or decrease its beneficial ownership of common shares of the Corporation or other securities of the Corporation whether by exercise of the warrants and/or options, in the open market, by privately negotiated agreement or otherwise.
An early warning report with additional information will be filed on and can be obtained under the Corporation's profile on SEDAR at www.sedar.com. To obtain a copy of the early warning report please contact Mark Itwaru at 416-815-7000 ext. 320.
Contact Information:
416-815-7000 ext. 320