Pamerica Corporation

September 20, 2005 19:35 ET

Pamerica Corporation/Wanted Technologies Corporation has Completed its Qualifying Transaction

MONTREAL, QUEBEC--(CCNMatthews - Sept. 20, 2005) - Wanted Technologies Corporation (the "Corporation" or "Wanted") (formerly "Pamerica Corporation" (TSX:PME.P)) is proud to announce that it has completed its Qualifying Transaction.

Wanted has closed a public offering in Quebec for a total of two million six hundred twenty-five thousand (2,625,000) Class "A" Shares (the "Common Shares") at a price of forty cents ($0.40) per Common Share, for a gross proceed totalling one million fifty thousand dollars ($1,050,000), the whole in accordance with a prospectus dated July 29, 2005. Wanted's Common Shares will be listed on the TSX Venture Exchange (the "Exchange") under the ticker symbol "WAN" following the filing of the final documentation with the Exchange.

Pursuant to the terms of the Qualifying Transaction, the Corporation has thus completed the acquisition of seven million forty-one thousand eight hundred ninety-eight (7,041,898) Class "A" Shares of Wanted Technologies Inc. through the issuance of six hundred five thousand one hundred ninety-three (605,193) Common Shares of the Corporation to the shareholders of Wanted Technologies Inc., at a deemed issue price of forty cents ($0.40) per share, as well as the amalgamation with Wanted Technologies Inc. An aggregate of nine million three hundred ninety-four thousand eight hundred seven (9,394,807) Common Shares has been issued to the shareholders and other holders of titles of Wanted Technologies Inc. in exchange of their titles pursuant to the amalgamation, for a total of nine million nine hundred seventy-five thousand nine hundred twenty-two (9,975,922) Common Shares issued pursuant to the acquisition and the amalgamation. The Corporation's shareholders have approved the transaction at the Annual and Special Meeting of Shareholders held on August 26, 2005.

Wanted is a leading provider of real-time sales and business intelligence. Through its proprietary data mining and aggregation technology, Wanted delivers concise, accurate and actionable data, aimed at helping to increase sales and profitability for its clientele throughout North America.

Blue Ship Investments Inc. received five hundred eighty-one thousand two hundred fifty (581,250) Common Shares at a deemed price of forty cents ($0.40) per Common Share, for a total value of two hundred thirty-two thousand five hundred dollars ($232,500) in payment of a finder's fee in relation with the Qualifying Transaction.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Wanted Technologies Corporation
    Mr. David Tanguay
    President and Chief Executive Officer
    (418) 523-6663
    Wanted Technologies Corporation
    Mr. Guy Girard
    Chief Financial Officer
    (514) 798-1290