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Enter Symbol
or Name
USA
CA



Glance Technologies Inc
Symbol GET
Shares Issued 76,250,849
Close 2017-08-14 C$ 0.17
Market Cap C$ 12,962,644
Recent Sedar Documents

ORIGINAL: Glance Technologies arranges warrant incentive program

2017-08-15 01:10 ET - News Release

Received by email:

File: PR Announcing Warrant Repricing & Extension - August 14, 2017.docx



GLANCE TECHNOLOGIES ANNOUNCES INCENTIVE WARRANT EXERCISE PROGRAM

August 14, 2017 - Vancouver, B.C. - Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (CSE:GET.WT), (FKT:GJT) announ
--->ces temporary amendments to certain warrants (not including broker or agent warrants) issued by Glance Technologies fr
--->om August 31, 2015 to February 24, 2017 (the "Amended Warrants"), as part of a program (the "Incentive Program") to in
--->centivize warrant exercise.  
Under the Incentive Program, Glance Technologies will temporarily reduce the exercise price of the Amended Warrants to
---> $0.20 per Amended Warrant beginning on August 15, 2017 and ending on September 30, 2017 (the "Incentive Period"), and
---> during the Incentive Period each Amended Warrant will be exercisable for a unit (the "Incentive Units"), with each In
--->centive Unit comprised of one common share and one common share purchase warrant (a "Unit Warrant"), each Unit Warrant
---> exercisable to purchase an additional common share at a price of $0.30 per share for a period of 24 months after the 
--->date of issuance.  Further, Glance Technologies will extend the expiry date of the 5,948,998 Amended Warrants set to e
--->xpire on August 31, 2017, and the 16,666 Amended Warrants set to expire on September 6, 2017, such that they will not 
--->expire until September 30, 2017.
 The following securities will NOT be eligible to be exercised under the Incentive Program: 
broker warrants;
agent warrants;
broker options;
agent options;
any other options granted under Glance Technologies' stock option plan; 
any warrants issued after February 24, 2017; and
warrants issued under Glance's Rights Offering which closed on April 27, 2017 and trade under the symbol GET.WT. 
During the Incentive Period, the outstanding Amended Warrant certificates will evidence the right to acquire one Incen
--->tive Unit upon the exercise of an Amended Warrant and payment to Glance Technologies of the aggregate purchase price p
--->er Incentive Unit. Registered holders of Amended Warrants are encouraged to exercise their Amended Warrants in accorda
--->nce with the procedures set forth below as soon as possible and, in any event, prior to 5.00 p.m. (Vancouver time) on 
--->September 29, 2017, in order to take advantage of the right to acquire an Incentive Unit. 
Procedure for the Exercise of Amended Warrants 
Beginning on August 15, 2017, registered holders of Amended Warrants may exercise their rights to acquire Incentive Un
--->its. All warrant exercises must be processed through Glance Technologies.  
To exercise Amended Warrants during the Incentive Period, until September 30, 2017 by 5:00 p.m. Pacific Time., a warra
--->nt holder must:
1. Surrender the warrant certificate(s) representing its Amended Warrants to Glance Technologies by hand or courier at
---> 200 - 1238 Homer Street, Vancouver, British Columbia, Canada.
2. The warrant certificate(s) must be submitted together with:
(a) a duly completed and executed subscription in the form on the last page of the warrant certificate (the "Exercise 
--->Form"), specifying the number of Amended Warrants that the holder intends to exercise; and
(b) a certified cheque, bank draft or money order in Canadian dollars, payable to or to the order of "Glance Technolog
--->ies Inc." in an amount equal to $0.20 multiplied by the number of Amended Warrants that the warrant holder intends to 
--->exercise (the "Purchase Price").
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone user
--->s choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards & interact with 
--->merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, soc
--->ial media marketing, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payme
--->nt system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and
---> Android formats, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud te
--->chnology and lightning fast payment processing.
For more information about Glance, please go to Glance Technologies' website
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies
---> of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities desc
--->ribed herein in the United States. The securities described herein have not been registered under the United States Se
--->curities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or so
--->ld in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless r
--->egistered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration re
--->quirements is available. 
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward- looking 
--->information") within the meaning of applicable securities laws. Forward- looking information is typically identified b
--->y words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or ar
--->e those, which, by their nature, refer to future events. Glance cautions investors that any forward-looking informatio
--->n provided by Glance is not a guarantee of future results or performance, and that actual results may differ materiall
--->y from those in forward-looking complete discussion of such risk factors and their potential effects which may be acce
--->ssed through the Glance's profile on SEDAR at www.sedar.com.




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