20:47:50 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Imperus Technologies Corp
Symbol LAB
Shares Issued 89,829,881
Close 2015-03-26 C$ 0.405
Market Cap C$ 36,381,102
Recent Sedar Documents

Imperus refiles Q3 MD&A, files receipt prospectus

2015-03-26 21:21 ET - News Release

An anonymous director reports

IMPERUS ANNOUNCES RESTATEMENT OF MD&A AND UPDATE

In connection with the closing of the previously announced private placement financing of 70,644,500 subscription receipts of Imperus Technologies Corp. at a price of 35 cents per subscription receipt, Imperus Technologies will file a final prospectus to qualify the distribution of the common shares and warrants issuable on the automatic exercise of the subscription receipts. The prospectus will incorporate by reference the unaudited financial statements and management's discussion and analysis of the company for the interim period ended Sept. 30, 2014, with comparative figures to the same period ended Sept. 30, 2013. The figures in the management's discussion and analysis for the interim period ended Sept. 30, 2014, have been restated to reflect certain changes. For details of the impact to the results of the company, please refer to the detailed disclosure included in the amended and restated management's discussion and analysis for the interim period ended Sept. 30, 2014, which is available on SEDAR.

The substance of the changes is as follows:

  • The company enhanced the description of the changes made to the restated unaudited interim financial statements dated Sept. 30, 2014.
  • The company included disclosure of the Casina platform in accordance with item 1.4 (d) of Form 51-102 F1.
  • The company included a discussion of software and royalties and a discussion of the year-to-date interest income.
  • The company included a discussion on the impact of the acquisitions of Vast Studios Inc. and Diwip Ltd. on liquidity and capital resources.
  • The company added updated information regarding the offering and Diwip acquisition in discussing subsequent events.
  • The company included a discussion on the results on the nine months ended Sept. 30, 2014.

First supplement to subscription receipt agreement

On closing of the offering, the company, the offering agents and the subscription receipt agent entered into a subscription receipt agreement to provide for, among other things, the issuance of subscription receipts. The company, the agents and the subscription receipt agent entered into a first supplement to the subscription receipt agreement today to provide for a contractual right of rescission to the subscription receipt holders in case the prospectus contains a misrepresentation, as such term is defined in the Securities Act (Ontario). A copy of the first supplement to the subscription receipt agreement is available on SEDAR.

We seek Safe Harbor.

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