The TSX Venture Exchange has accepted for filing documentation pursuant to a membership interest purchase agreement dated Jan. 28, 2015, between Slyce Inc. and SnipSnap App LLC, whereby Slyce will acquire all of the issued and outstanding Class A and Class B membership interests of SnipSnap and convertible notes of SnipSnap from each holder of such notes. In consideration, Slyce will pay: $1-million (U.S.) cash payable at closing; 4,687,500 common shares of the company at a deemed price of 80 Canadian cents per share; and up to $2.5-million (U.S.) in shares to be issued at a future date (dependent on the achievement of certain revenue milestones) at a price determined by the 20-day volume-weighted average price at the time of issuance.

For further information, please refer to the company's news releases dated Jan. 28, 2015, and Feb. 17, 2015.