Mr. Todd Kehrli reports
SNIPP CONFIRMS MATTERS RELATING TO ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Snipp Interactive Inc.'s annual and special meeting of shareholders will be held at 1605 Connecticut Ave. NW, on the fourth floor, Washington, 20009, on Tuesday, May 31, 2016, at 10 a.m. Eastern Time.
A copy of the information circular dated April 27, 2016, the form of proxy and the notice of meeting has been mailed to all shareholders as of the record date of April 26, 2016. A copy of these materials, as well as the audited financial statements of Snipp for the years ended Dec. 31, 2015, and Dec. 31, 2014, together with the report of the auditor thereon, are available on Snipp's SEDAR profile.
Snipp would like to correct a minor error in the circular with respect to the approval of conditional grants. Under item No. 6 on page 8 of the circular, the company inadvertently included the incorrect expiry date for the 364,000 conditional options granted in the table set out under such item No. 6, which expiry date should read Feb. 11, 2021, and not Feb. 11, 2016. Accordingly, the company would like to replace the table in the circular.
TABLE REPLACEMENT
Name of insider Number of Exercise Date Expiry Number of
conditional price issued date common
options shares
granted held (1)
Atul Sabharwal 82,000 $0.38 Feb. 11, 2016 Feb. 11, 2021 6,734,181
Ritesh Bhavnani 82,000 $0.38 Feb. 11, 2016 Feb. 11, 2021 6,884,682
Susan Doniz 200,000 $0.38 Feb. 11, 2016 Feb. 11, 2021 nil
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Total 364,000 13,618,863
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(1) as at the record date
The proposed resolution approving the conditional option grants on page 7 of the circular will be amended to refer to conditional option grants referred to in the table in this news release.
The company would also like to remind its shareholders of the importance of voting at the meeting, whether in person or by proxy, given that resolutions approving matters other than annual matters will be voted on at the meeting, including the conditional option grants and the reclassification of certain warrants.
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