CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwired - June 15, 2016) - Vogogo Inc. ("Vogogo" or the "Company") (TSX VENTURE:VGO) today announces that Geoff Gordon will be resigning as President and Chief Executive Officer, with an effective date of June 24, 2016. Mr. Gordon has also indicated his resignation from the board of directors of the Company, to be effective July 10, 2016.
The Company has agreed to repurchase, for cancellation, two (2) million common shares of the Company that are beneficially owned by Mr. Gordon for $130,000, by June 30, 2016.
About Vogogo Inc.
Vogogo provides payment processing and related transaction risk services. The Company develops software that administers multiple electronic payment types including card payments, pre-authorized debit, direct deposit, peer-to-peer and online banking payments for the US, UK and Canadian markets. The head office is located at 400, 320 - 23rd Avenue SW, Calgary, Alberta, Canada, T2S 0J2. The registered office is located at Torys LLP, 4600, 525 - 8th Avenue SW, Calgary, Alberta.
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Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements. The words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Vogogo. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Vogogo. Vogogo does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.