June 04, 2015 15:10 ET

GINSMS Obtains Shareholders' Approval for the Amendments to Its Issued and Outstanding Convertible Debentures

CALGARY, ALBERTA--(Marketwired - June 4, 2015) - GINSMS Inc. (TSX VENTURE:GOK) (the "Corporation" or "GINSMS") announces today that it has obtained at its last Annual and Special Meeting of Shareholders held in Montreal on June 3, 2015 the approval of a majority of disinterested shareholders with respect to a proposed amendment removing the conversion restriction affecting the Corporation's issued and outstanding convertible debentures (collectively, the "Convertible Debentures"). This amendment removes the restriction preventing a holder of Convertible Debentures from converting his Convertible Debentures if this would result in: (i) the holder holding ten percent (10%) or more of the then issued and outstanding common shares of the Corporation; or (ii) the holder together with any person with which it is acting jointly or in concert with, collectively, as a group, holding twenty percent (20%) or more of the then issued and outstanding common shares of the Corporation.


GINSMS is a mobile technology and services company focusing on 2 areas namely cloud-based application-to-peer ("A2P") messaging service and Software Products & Services. GINSMS operates a cloud-based A2P messaging service that allows the termination of SMS to mobile subscribers of more than 200 mobile operators globally. GINSMS also develops and distribute innovative software products and services for mobile operators and enterprises and have successfully deployed more than 100 solutions worldwide. GINSMS has offices in China, Singapore, Hong Kong, Malaysia and Indonesia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • GINSMS Inc.
    Joel Chin
    Chief Executive Officer