VERSAPAY CORPORATION ("VPY")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 12, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an asset purchase agreement (the "Agreement") dated November 29, 2016 between BluePay Canada, ULC (the "Purchaser") and VersaPay Corporation (the "Company"). Purusant to the Agreement, the Company shall sell to the Purchaser all of the assets and property relating to the Company's point-of-sale merchant services business segment.
As consideration, the Company shall receive cash aggregating up to $11,000,000.
For more information, refer to the Company's news release dated January 10, 2017.
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