BULLETIN V2024-1210
TRIBE PROPERTY TECHNOLOGIES INC. ("TRBE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 25, 2024
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Share Purchase Agreement dated August 29, 2023, as amended on September 28 and October 31, 2023, (the "Agreement") between the Company and an arm's length party (the "Vendor"), whereby the Company purchased all of the issued and outstanding shares in the capital of Meritus Group Management Inc., which provides professional condo management services primarily to the Greater Toronto Area (the "Target").
Under the terms of the Agreement, the Company agreed to purchase the Target in exchange for paying up to $400,000 in cash, writing $300,000 principal amount non-convertible promissory note (the "Note") and issuing up to 395,833 common shares to the Vendor. The Note accrues interest at 7% per annum and is repayable in three equal installments over the period of three years, with final installment to be made on November 30, 2026.
For further details, please refer to the Company's news releases dated August 29, 2023 and December 18, 2023.
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