OneMove Technologies Inc.
TSX VENTURE : OM

OneMove Technologies Inc.

June 07, 2013 05:00 ET

OneMove Announces Completion of Amalgamation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 7, 2013) - OneMove Technologies Inc. ("OneMove" or the "Corporation") (TSX VENTURE:OM) is pleased to announce that, further to its news release dated May 17, 2013, the amalgamation (the "Amalgamation") of the Corporation and 0955662 B.C. Ltd. ("0955662"), a corporation owned by Plantro Ltd. and Seastone Investments Limited, has been successfully completed. The Amalgamation constitutes the second stage transaction of the offer dated January 17, 2013 of 0955662 for all of the issued and outstanding common shares of OneMove, and was approved by the shareholders of OneMove at the special meeting held on May 17, 2013.

Pursuant to the terms of the amalgamation agreement dated April 19, 2013 between OneMove and 0955662, as amended May 22, 2013 (the "Amalgamation Agreement"), each outstanding common share of OneMove, other than shares owned by the offering parties, has been exchanged for one redeemable preferred share of the amalgamated company, which will be redeemed at a redemption price of $0.425 in cash per share. The filings giving effect to the Amalgamation were made with the Registrar of Companies in British Columbia on June 6, 2013, and the Corporation anticipates that Computershare Investor Services Inc. ("Computershare"), the depositary for the Amalgamation, will commence mailing cheques next week in respect of the redemption price to shareholders of OneMove that have delivered a letter of transmittal together with the certificates representing their OneMove common shares.

Shareholders who have not already completed and delivered a letter of transmittal to Computershare are encouraged to do so as soon as possible so that they can receive a cheque representing the consideration to which they are entitled pursuant to the Amalgamation. Additional copies of the letter of transmittal are available under OneMove's profile on SEDAR at www.sedar.com.

The common shares of OneMove are expected to be formally delisted from the TSX Venture Exchange (the "TSXV") as soon as possible following the filing of certain final documentation with the TSXV. Following the de-listing, an application will be made to cause OneMove to cease to be a reporting issuer.

About OneMove Technologies Inc.

OneMove Technologies Inc. (TSX VENTURE:OM) is a provider of web-based real estate transaction platforms. Through econveyance™, its proprietary web-based conveyancing software solution, OneMove simplifies and expedites the process of buying and selling real estate. Econveyance connects all participants in the property transfer process, offering a secure and efficient means of completing the transaction online.

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.

Contact Information