13:22:45 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



StartMonday Technology Corp
Symbol JOB
Shares Issued 50,980,608
Recent Sedar Documents

ORIGINAL: StartMonday to begin trading on CSE Oct. 24

2016-10-21 19:17 ET - News Release

Received by email:

File: StartMonday - NR re CSE Listing (3).doc

StartMonday Technology Corp. Suite 1920, 1177 West Hastings Street Vancouver, British Columbia, Canada V6E 2K3

STARTMONDAY ANNOUNCES COMMENCEMENT OF TRADING ON THE CANADIAN SECURITIES EXCHANGE (CSE: JOB)
VANCOUVER, BRITISH COLUMBIA - October 21, 2016 - StartMonday Technology Corp. (CSE: JOB) (the "Company" or "StartMonda
--->y"), a development-stage software company operating in the HR technology industry is pleased to announce that the Comp
--->any expects to fittingly commence trading on the Canadian Securities Exchange (the "Exchange") on Monday, October 24, 
--->2016 under the symbol "JOB".

"We are very pleased to announce our listing on the CSE, another milestone in positioning StartMonday for growth," sta
--->ted Ray Gibson, StartMonday's CEO. "Trading on the CSE will provide us with broader market recognition that is reflect
--->ive of the Company's progress and potential, while further enhancing our focus on value creation for shareholders and 
--->improving our access to capital."
Transaction and Private Placement
The Company completed an acquisition (the "Transaction") on September 23, 2016, whereby the Company acquired 100% of t
--->he issued and outstanding common shares of StartMonday Holding B.V., a company incorporated under the laws of the Neth
--->erlands ("TargetCo").  Pursuant to the Transcation, the Company issued an aggregate of 30,000,000 common shares to the
---> shareholders of TargetCo.  Certain shares issued to the principals of the Company are subject to escrow conditions re
--->quired by applicable securities laws and Exchange requirements. 
In connection with the Transaction, the Company closed a private placement on July 25, 2016 (the "Private Placement") 
--->consisting of 6,234,400 units (the "Units") at a price of $0.25 per Unit for gross proceeds of $1,558,600.  Each Unit 
--->consisted of one common share in the capital of the Company (a "Share") and one half of one common share purchase warr
--->ant (each whole warrant, a "Warrant").  Each Warrant entitles the holder thereof to purchase one additional Share at a
--->n exercise price of $0.40 until July 25, 2018.  
In connection with the Private Placement, StartMonday paid an aggregate finder's fees of $124,288 and issued 457,152 c
--->ommon share purchase warrants (the "Finder Warrants").  Each Finder Warrant is exercisable for one Share at an exercis
--->e price $0.25 per Share until July 25, 2018.
Pursuant to applicable securities laws, all securities issued in connection with the Private Placement are subject to 
--->a hold period expiring November 26, 2016.
For further details on the Transaction and the Private Placement see the Company's final prospectus dated October 19, 
--->2016 (a copy of which is available under the Company's SEDAR profile at www.sedar.com).
The securities issued pursuant to the Transaction and the Private Placement have not been registered under the United 
--->States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United St
--->ates absent registration or applicable exemption from the registration requirements. This news release shall not const
--->itute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdi
--->ction in which such offer, solicitation or sale would be unlawful. The securities issued by the Company pursuant to th
--->e Transaction and the Private Placement are "restricted securities" as defined under Rule 144(a)(3) of the U.S. Securi
--->ties Act and contain the appropriate restrictive legends as required under the U.S. Securities Act and Canadian Securi
--->ties Administrators National Instrument 45-102.
Stock Option Incentive Plan and Option Grant
In connection with the Company's Exchange listing, the Company issued an aggregate 3,750,000 incentive stock options (
--->the "Options") in accordance with the Company's stock option plan (the "Option Plan") to certain directors, officers a
--->nd consultants of the Company.  2,000,000 Options entitle the respective optionee to purchase one Share at an exercise
---> price of $0.10 per Share and 1,750,000 Options entitle the respective optionee to purchase one Share at an exercise p
--->rice of $0.25 per Share.  All Options may be exercised until October 24, 2021 unless terminated pursuant to the terms 
--->of the Option Plan.  The Options and any Shares issued upon exercise will be subject to a four month resale restrictio
--->n from the date of grant.
The Option Plan adopted by the board of directors (the "Board") concurrent with the closing of the Transaction is a "r
--->olling" stock option plan, pursuant to which the Board may from time to time, in its discretion, and in accordance wit
--->h Exchange and regulatory requirements, grant to directors, officer, employees and consultants, non-assignable and non
--->-transferable options to purchase shares of common, provided that the number of Shares reserved for issuance will not 
--->exceed 10% of the then issued and outstanding common shares of the Company.  
About StartMonday

StartMonday helps employers gather 15-second videos from all their job candidates through mobile and web applications 
--->to get a better impression of personality and customer skills, ultimately helping employers decide which candidates th
--->ey should talk to first - and so selecting their candidates more efficiently. StartMonday is focused on becoming an in
--->novative and trusted brand for jobs. We're building powerful tools for the Mobile Generation. Our mission is to make r
--->ecruiting, and work itself, an amazing experience for everyone. For more information please visit www.startmonday.com.
---> 

ON BEHALF OF THE BOARD
"Ray Gibson" CEO & Director

CAUTIONARY DISCLAIMER STATEMENT:  The Canadian Securities Exchange has not reviewed and does not accept responsibility
---> for the adequacy or accuracy of the content of this news release.
This news release contains forward-looking statements relating to the completion of the listing of the Company's share
--->s on the Canadian Securities Exchange and other statements that are not historical facts. Forward-looking statements a
--->re often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All sta
--->tements other than statements of historical fact, included in this release are forward-looking statements that involve
---> risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results 
--->and future events could differ materially from those anticipated in such statements. Important factors that could caus
--->e actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of
---> the Canadian Securities Exchange and other risks detailed from time to time in the filings made by the Company with s
--->ecurities regulations. 
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be in
--->correct. Events or circumstances may cause actual results to differ materially from those predicted, as a result of nu
--->merous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
---> The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although co
--->nsidered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ 
--->materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified b
--->y this cautionary statement. The forward-looking statements contained in this news release are made as of the date of 
--->this news release and the Company will update or revise publicly any of the included forward-looking statements as exp
--->ressly required by applicable law.




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