TSX VENTURE COMPANIES
GOLO MOBILE INC. ("WLTR.H ")
[formerly GOLO MOBILE INC. ("WLTR")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Transfer and New Addition to NEX, Symbol Change, Remain Halted
BULLETIN DATE: October 27, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation respecting a share purchase agreement ("Agreement") dated September 15, 2021, between the Company and N. Harris Computer Corporation (the "Vendor"). Pursuant to the terms of the Agreement, the Company will sell all of its issued and outstanding shares of Golo Inc. and Walter Innovations Inc., two wholly-owned subsidiaries of the Company, in return for an aggregate purchase price of $500,000 in cash provided by the Vendor.
In accordance with the terms of the Agreement, the Vendor will also assume, upon closing of this transaction, the Company's lease obligations which have an approximate value of $400,000.
Insider / Pro Group Participation: None
For further information, please reference the Company's information circular dated September 17, 2021 and news releases dated August 27, 2021, September 15, 2021 and October 26, 2021.
Transfer to NEX
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening of trading on Friday, October 29, 2021, the Company's listing will transfer to NEX and remain halted, the Company's Tier classification will change from Tier 2 to NEX and the Filing and Service Office will change from Calgary to NEX.
As of October 29, 2021, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from WLTR to WLTR.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
The Company is classified as a 'Computer Systems Design and Related Services' company.
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