06:16:14 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Snipp Interactive Inc
Symbol SPN
Shares Issued 128,336,804
Close 2016-05-26 C$ 0.28
Market Cap C$ 35,934,305
Recent Sedar Documents

Snipp to hold AGM on May 31, corrects error in circular

2016-05-26 20:36 ET - News Release

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
                       -------                                               ----------
Total                  364,000                                               13,618,863
                       =======                                               ==========

(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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