IGEN Networks Corporation

IGEN Networks Corporation

March 25, 2015 09:00 ET

IGEN Networks Announces Approval for Listing and Commencement of Trading on the CSE

New listing on a fully regulated Canadian exchange combines with current trading in the U.S. to provide improved trading access and other benefits to shareholders and investors

ALEXANDRIA, VIRGINIA and VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 25, 2015) - IGEN Networks Corporation (the "Company or "IGEN") (OTCQB:IGEN)(CSE:IGN) is pleased to announce that it has been approved for listing on the Canadian Securities Exchange (the "CSE") and its common shares will commence trading today on the CSE under the symbol "IGN". IGEN will also maintain trading on the U.S. OTCQB and continue to be an SEC fully reporting company.

The CSE, operated by CNSX Markets Inc., is a Canadian exchange fully recognized and regulated by the Ontario Securities Commission (OSC) and the Investment Industry Regulatory Organization of Canada (IIROC). It operates nationally in Canada through applicable rulings and exemptions of other security commissions.

IGEN's CSE listing provides the Company's investors with many trading and potential tax benefits:

  • All major Canadian dealers have access to trade on the CSE
  • Most discount brokers offer online access
  • Stocks traded on the CSE are RRSP and TFSA eligible

President and CEO Neil Chan stated, "Our goal to list our shares on the Canadian Securities Exchange has been achieved. The CSE listing is a key part of IGEN's plan to improve share liquidity, increase the Company's financing options, provide investors with increased confidence in our reporting compliance and transparency, and make access to the market for our shares easier and more transparent for the investment community. Canadian investors can also benefit from RRSP and TFSA eligibility. We encourage shareholders and interested investors to review information about us on our website www.igen-networks.com, and contact us if you have questions. We anticipate the next year will be a very exciting time for iGen Networks as we continue to build the company."

About IGEN Networks Corporation:

IGEN Networks Corporation invests in and manages companies that deliver cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. The Company offers a range of self-provisioning applications which are used to manage and recover stolen assets, provide access to roadside assistance programs, and improve productivity of commercial fleets.

IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTCQB under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit www.igen-networks.com.

Forward-Looking Statements

This news release may contain forward-looking statements or forward looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities law. The terms and phrases "goal", "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by IGEN in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that IGEN believes are appropriate in the circumstances, including but not limited to statements regarding investment liquidity, financing options and long term goals of the Company, general economic conditions, IGEN's expectations regarding its business, strategy and prospects, and IGEN's confidence in the cash flow generation of its business. Many factors could cause IGEN's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; IGEN's reliance on key personnel; IGEN's ability to maintain and enhance its brand; and difficulties in forecasting IGEN's financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile application industry. These risk factors and others relating to IGEN that may cause actual results to differ are set forth in the under the heading "Risk Factors" in IGEN's periodic filings with the British Columbia Securities Commission and the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sedar.com or www.edgar.com). These factors should be considered carefully, and readers should not place undue reliance on IGEN's forward-looking statements. IGEN has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, nor shall there by any sale of, securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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