April 06, 2015 19:05 ET

iLOOKABOUT Corp. Announces Issuance of Common Shares to Settle Conversion of Preference Shares and Accrued Dividends

LONDON, ON--(Marketwired - April 06, 2015) - iLOOKABOUT Corp. (TSX VENTURE: ILA) ("iLOOKABOUT" or "the Company") announced today that the Company has now issued 1,271,598 Common Shares and 576,611.5 Warrants to settle the conversion of 357,500 Series 1 Preference Shares (the "Preference Shares") and $41,432 of accrued dividends on its Preference Shares, as previously disclosed in a news release issued by the Company on March 31, 2015. The Common Shares issued upon conversion of the accrued dividends are subject to hold periods which expire August 7, 2015. The Common Shares issued upon conversion of the Preference Shares are not subject to hold periods.

iLOOKABOUT is a data analytics and visual intelligence company focused on real property, serving primarily the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private, in North America. iLOOKABOUT's origins are with its StreetScape imagery and web-based geographic information system ("GIS") application, GeoViewPort™, which federates property related data and enables desktop review of properties. iLOOKABOUT has recently integrated powerful new data analytics and workflow management applications into its existing products to create several new service offerings uniquely customized for its clients. These new offerings include Real Property Tax Analytics ("RPTA"), Realty Tax Management ("RTM") and Confirm My Assessment. To augment the Company's technology based offerings, real estate consulting services are also now provided, with a focus on the Property Tax and Valuation sectors. 

Headquartered in London, Ontario, Canada, iLOOKABOUT's common shares are traded on the TSX Venture Exchange under the symbol ILA. 

Neither 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.

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