Voice Mobility Gives Update on Proposed Acquisition of VM Agritech
8 min readGet fast alerts when information breaks on your stocks. Declare your 1-week free of charge demo to StreetInsider Quality in this article.
VANCOUVER, BC / ACCESSWIRE / April 23, 2021 / Voice Mobility International, Inc. (the “Firm“) (TSXV:VMY.H), more to the Firm’s earlier announced proposed transaction to obtain VM Agritech Limited (previously MyCo Science Constrained) (“VM Agritech“) (the “Acquisition“), the Company is pleased to give a VM Agritech small business update, and development relating to the Acquisition.
New Patents
VM Agritech proceeds to effectively safe its intellectual residence globally and has not too long ago been granted the pursuing more patents. Patent no. 1 (Fungicidal) was granted in Japan on December 11, 2020, and Patent no. 2 (Sporicidal) was granted in Russia on January 11, 2021 and in Australia on March 9, 2021. VM Agritech’s increasing country listing of patents granted now extends to United states (Fungicidal and continuation), Australia (equally patents), China, S. Korea, Canada, Japan, South Africa and Russia.
Cornell University
The Corporation is also delighted to announce that VM Agritech has signed a Sponsored Research Agreement with Cornell College (“Cornell“), the world’s preeminent heart for agriculture and foodstuff exploration, to perform Mode of Motion scientific studies on VM Agritech’s modern formulation. Moreover, VM Agritech and Cornell have also signed four Regime Product Testing Agreements (RPTA’s) to begin efficacy and discipline trial research on germs and selected fruits and veggies that show the most severe resistance to the latest fungicides. Investigate is commencing this month.
Share for Credit card debt Settlement
The Corporation also announces that it has arranged to settle fantastic indebtedness with particular collectors (the “Shares for Financial debt Settlement“) via the issuance of common shares of the Enterprise, topic to approval of the TSX Enterprise Exchange. Pursuant to the Shares for Personal debt Settlement, the Business has agreed to situation a full of 1,245,157 typical shares of the Enterprise at a deemed value of $.07 per share in pleasure of exceptional loans and accrued desire of $87,160.99. The widespread shares to be issued pursuant to the Shares for Personal debt Settlement will be topic to a four thirty day period hold from the applicable date of issuance.
Board of Administrators and Administration Improvements
The Corporation also announces additional improvements to the Company’s board of administrators and management team that will turn out to be efficient on closing of the Acquisition. The board of directors of the Corporation will be reconstituted to consist of Michael Sapountzoglou, Christopher Wightman, Scott Ackerman, Peter Karos and John Farlinger, and the management staff will be comprised of Michael Sapountzoglou as President and Main Executive Officer, Christopher Wightman as Govt Vice President, Rob Chisholm as Chief Economical Officer and Company Secretary, and Svetlana Panicheva as Chief Scientist.
Michael Sapountzoglou, President, Main Government Officer and Director
Mr. Sapountzoglou’s job has generally been in funds marketplaces and non-public fairness. He is at this time co-founder and CEO of Bluewater Acquisition Corp., a TSXV listed Funds Pool Corporation, in the approach of thinking about investment options. Mr. Sapountzoglou commenced his career with a non-public spouse and children workplace in Monaco managing proprietary buying and selling and asset management. In 1994 he moved to London and aided set up the family members workplace of the Angelopoulos Group, primary M&A transactions within just the group’s core investments in shipping, off-shore drilling and personal equity until his departure in 2015. He proven the group’s JV with Odfjell Drilling owning 2 UDW drill-ships and led a series of bond transactions buying and selling on the Oslo exchange, boosting more than $1.6B for the off-shore tasks. For the delivery arm, Metrostar Management Corp., he led the firm’s capital marketplaces tactic and business progress. He directed the Group’s original seed expense in PuriCore plc, a specialty biopharmaceutical company centered on producing its proprietary immunomodulatory know-how (HOCL), in which he was also a founding Director from 1999-2013. He assisted in having the firm community on the Key Checklist of the London Stock Trade and chaired the Remuneration and Nomination committees.
Mr. Sapountzoglou is also on the board and chairs the audit committee of ICI REIC, a genuine estate investment rely on buying and selling on the Athens trade. Mr. Sapountzoglou is primarily based in Athens, is a Canadian citizen and retains an Honors BA in Economics and Intercontinental Finance from Wilfrid Laurier University in Canada.
Chris Wightman, Govt Vice President and Director
Mr. Wightman was an expenditure banker with Goldman Sachs (Head of Risk, Europe), Bankers Belief (Fairness Derivatives), NatWest Marketplaces (Founder, CEO NatWest Fiscal Merchandise) and BankAmerica (NationsBank Head of Global Equities). Subsequent to his Financial investment Banking career, Mr. Wightman turned a serial entrepreneur targeted on wide engineering themes. Amongst other ongoing companies, in 1997 he re-structured what turned PuriCore plc, a company producing the chemistry at the rear of the mammalian immune procedure (HOCl). As Executive Chairman, he led its listing on the complete record of the London Stock Exchange in 2006. Get the job done there integrated a effective Uk grant programme investigation of the application for HOCl in agriculture, and the submitting of a selection of patents reflecting the novel formulations found. The team who led the reports (then) at Oxford College, now at Exeter University, requested that Chris contemplate the prospective for a Copper/Zinc/Phosphite chemistry in 2014. The final result is VM Agritech.
Robert Chisholm, Chief Financial Officer and Corporate Secretary
Mr. Chisholm has been the Chief Financial Officer at Emprise since July 2008, a firm furnishing administration, restructuring, accounting, and money companies to general public providers. Prior to Emprise, Mr. Chisholm was the Chief Fiscal Officer for PNI Electronic Media from September 2001 right until March 2009, a publicly mentioned enterprise (obtained by Staples). Mr. Chisholm retains a experienced accounting designation in Canada and acquired his BBA with a big in accounting from Saint Francis Xavier College in Nova Scotia.
Svetlana Panicheva, Main Scientist
Ms. Panicheva is now the Chief Scientist of VM Agritech. Ms. Panicheva has considerable working experience in research and progress with a demonstrated historical past of accomplishments in the biotech field. In addition to her function with VM Agritech, Ms. Panicheva is at the moment a complex marketing consultant to Vapani LLC, a non-public electrochemical program style and enhancement corporation. Ms. Panicheva has also served as Director of R&D for Realm Therapeutics, Inc., and Associate Director of R&D for PuriCore, Inc., both of those biopharmaceutical organizations focused on HOCL. Ms. Panicheva retains an MBA degree from College of Missouri-Saint Louis and a Physician of Philosophy – PhD, Biotechnology, Health care Units and Programs from the Russian Academy of Professional medical Technical Sciences, Moscow, Russia.
John Farlinger, Director
Mr. Farlinger is a undertaking and non-public fairness backed govt and entrepreneur, and provides extra than 20 yrs of practical experience in telecom, functions, know-how and finance. Mr. Farlinger has held the posture of CEO and Government Chairman of Guarantee Holdings Corp. (TSXV) due to the fact June 1, 2018. His earlier positions involve Director and Chair of the Governance and Audit Committee of Freckle Ltd. (TSXV) from June 13, 2019 to February 4, 2020, Chairman and CEO of Urban Communications Inc. (TSXV) from July 8, 2014 to June of 2018, Senior Vice-Preside
nt of Teliphone Navigata-Westel from February 2013 to April 2014, CEO of Titan Communications from 2009 to February 2013 and CEO and President of Silicon Valley based Adzilla Inc. from August 2004 till 2009. Mr. Farlinger is at present an advisor to CareCru Inc., a health care commence-up. Mr. Farlinger is a Chartered Expert Accountant (CPA, CA) and graduated with a Bachelor of Commerce (Hons) from Queen’s University.
Peter Karos, Director
Mr. Karos is a founding associate and was a director and the CEO of Bluewater Acquisition Corp, a TSXV listed company, from March 2018 to February 2020. Considering the fact that 2013, Mr. Karos has been Common Spouse at Argonaut Maritime Expense, a consulting agency in the commodities and shipping and delivery industries. From 2006 by means of 2013 Mr. Karos was head trader and an analyst at Polar Asset Management Associates Inc.
Scott Ackerman, Director
Mr. Ackerman is the President and CEO of Emprise Money Corp., a private service provider lender dependent in Vancouver, BC, which presents management, restructuring, accounting and economical companies to general public organizations. Mr. Ackerman has been lively in the community marketplaces for far more than 25 years, obtaining held senior govt roles in different capacities from Investor Relations to Executive Administration. In addition to his position with Emprise, Mr. Ackerman serves as director and/or officer of a range of publicly traded and personal “begin-up” venture providers.
About VM Agritech Constrained
VM Agritech Restricted has developed and patented a solubilised copper zinc ammonium advanced that seems to eliminate pathogenic fungi in plants specifically although also potentially triggering a plant’s immune method to protect alone in opposition to further more fungi attack. In 2016 and 2017, the final results of which were being sent in 2019 and 2020, VM Agritech, in collaboration with the investigate staff at Exeter University, was granted two Industrial Partnership awards with the Exploration Council BBSRC in the United Kingdom worthy of more than £1.19 million (somewhere around CAD$2.06 million). VM Agritech has not too long ago signed a substantial analysis agreement with Cornell University to further analysis and produce its technological know-how above the following 3 yrs with the close intention of commercialization relevant to the total plant-centered agricultural business. In anticipation of closing the Acquisition, the company’s name was transformed from MyCo Sciences Minimal to VM Agritech Restricted on February 22, 2021.
Buying and selling in the prevalent shares of the Organization will continue to be halted pending more filings with the Exchange. The Organization just lately submitted its draft submitting statement that has been ready in connection with the Acquisition to the Exchange and is working diligently to finish the remaining filings with the Exchange, with a perspective to finishing the proposed transaction in shorter purchase.
FOR A lot more Information Make sure you Get in touch with:
VOICE MOBILITY Worldwide, INC.
Scott Ackerman
Email: [email protected]
Phone: (778) 331 8505
The TSX Undertaking Exchange has in no way passed upon the merits of the proposed Acquisition and has neither permitted nor disapproved the contents of this press release. Neither the TSX Undertaking Trade nor its Regulation Companies Supplier (as that term is described in the policies of the TSX Undertaking Exchange) accepts duty for the adequacy or precision of this release.
Completion of the Acquisition is subject matter to a range of disorders, such as but not restricted to Trade acceptance and shareholder acceptance, if applicable. The Acquisition and linked funding cannot be completed right until this sort of approvals are acquired. There can be no assurance that the Acquisition will be concluded as proposed or at all.
Investors are cautioned that, apart from as disclosed in the submitting assertion to be geared up in link with the Acquisition, any details launched or gained with respect to the Acquisition might not be accurate or comprehensive and need to not be relied on. Buying and selling in the securities of the Corporation should be regarded extremely speculative.
Statements integrated in this announcement, together with statements concerning our designs, intentions and expectations, which are not historic in mother nature are meant to be, and are hereby identified as, “aheadâ wanting statements”. ForwardâÂÂwanting statements may well be discovered by words such as “anticipates”, “thinks”, “intends”, “estimates”, “expects” and equivalent expressions. The Corporation cautions visitors that forwardâÂÂon the lookout statements, which includes without the need of limitation these relating to the Company’s future operations and business enterprise prospects, are topic to sure challenges and uncertainties that could induce precise outcomes to vary materially from these indicated in the forwardâÂÂhunting statements.
Supply: Voice Mobility International Inc.
View source edition on accesswire.com:
https://www.accesswire.com/642045/Voice-Mobility-Supplies-Update-on-Proposed-Acquisition-of-VM-Agritech
