SOURCE: International Datacasting Corporation

International Datacasting Corporation

December 11, 2015 17:00 ET

International Datacasting Corporation Announces Listing on TSX Venture Exchange

OTTAWA, ON--(Marketwired - December 11, 2015) - International Datacasting Corporation (TSX: IDC) ("IDC") announced today that its common shares will commence trading on the TSX Venture Exchange (the "TSX-V") under the symbol "IDC" (TSX VENTURE: IDC) at market open on December 14, 2015. Effective at close of markets on December 11, 2015, IDC's common shares ceased trading on the Toronto Stock Exchange.

In connection with the listing on the TSX-V, and in compliance with the requirements of the TSX-V, IDC's board approved certain amendments to the stock option plan and restricted share unit plan of the company. The stock option plan, as amended, provides, among other things, for a maximum issuance of shares from treasury equal to 10% of the issued and outstanding common shares from time to time. The restricted share unit plan, as amended, provides, among other things, that a maximum of 3,327,253 common shares may be issued from treasury pursuant to terms of such plan. The amended stock option plan will require annual shareholder approval.

About International Datacasting Corporation:

IDC is a technology provider for the world's premiere broadcasters in radio, television, data and digital cinema. IDC's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, VOD, and IPTV. IDC is headquartered in Ottawa, Canada. For more information visit: www.datacast.com.

Forward-Looking Statements:

This press release contains certain information that may constitute "forward-looking information" and/or "forward-looking statements" within the meaning of applicable Canadian securities laws, including statements with respect to the timing of the commencement of the trading of the common shares of IDC on the TSX-V. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.

Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan or "project" or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that might cause actual results to differ materially include, but are not limited to, IDC's ability to continue as a going concern.

More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com, including, without limitation, IDC's Annual Information Form and MD&A for the year ended January 31, 2015, each dated April 29, 2015.

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.

Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are provided to assist external stakeholders in understanding IDC's expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements.

Contact Information

  • CONTACT:
    Steve Archambault
    Executive VP & CFO
    International Datacasting Corporation
    +1 613 596 4120 Ext. 4120
    sarchambault@datacast.com