The TSX Venture Exchange has accepted for filing documentation with respect to a disposition of all of the business, assets and undertaking related to the KEDM business to an arm's-length party purchaser, KEDM Inc. The consideration for this transaction was the assumption of all obligations related to the deferred revenues associated with the business.
Pursuant to the agreement, the consideration of assuming all of the obligations related to the deferred revenues associated with the KEDM business up to and including Oct. 31, 2025, totalled up to approximately $845,000.
Shareholder approval for this transaction was obtained by way of an annual general meeting on Oct. 7, 2025.
Please refer to the company's news releases dated Aug. 27, 2025, Sept. 26, 2025, Oct. 8, 2025, and Nov. 3, 2025, for further details.
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