Business
Sprylogics Enters into Definitive Agreement to Acquire Poynt Inc.
TORONTO , July 2, 2013 /CNW/ - Sprylogics International (TSXV: SPY), ("Sprylogics" or "...
About this update from Bragg Gaming Group Inc.
[{"type":"text","content":"\n\n\nTORONTO, July 2, 2013 /CNW/ - Sprylogics International (TSXV: SPY), (\"Sprylogics\" or \"the Company\") the international provider of innovative mobile search and messaging\n monetization services announces that, further to the Company's press\n release of May 31, 2013, it has signed a definitive share purchase\n agreement (the \"Agreement\") to acquire Poynt Inc (\"Poynt\").  Closing of\n the acquisition is scheduled to occur on or before July 15,\n 2013. Closing of the acquisition of Poynt by Sprylogics remains subject\n to satisfactory completion of all closing conditions as set out in the\n Agreement, including receipt of all third-party and regulatory\n approvals.\n\n\nUnsecured Debenture Financing\n\n\nThe Company has arranged for an unsecured debenture financing in the\n amount of $250,000.  The Debenture will bear interest at 7% per annum\n and mature 12 months from closing.  The holder of the Debenture will\n also be issued 1,000,000 common shares of Sprylogics in connection with\n providing the loan.\n\n\nAbout Sprylogics\nSprylogics International develops advanced search and analysis\n technology.  The patent pending technology platform uses Semantic and\n Machine Learning techniques to process, analyze and interpret\n unstructured data including real time conversation, in order to extract\n key sentiments, facts, user interests and intent. The technology\n platform is currently being used to develop innovative solutions\n related to search and discovery of products and places on mobile\n devices. Find out more at www.sprylogics.com or www.2ya.it\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nCautionary and Forward-looking Statements - Statements contained in this\n news release which are not historical facts are forward-looking\n statements that involve risk, uncertainties and other factors that\n could cause actual results to differ materially from those expressed or\n implied by such forward-looking statements.  There can be no assurance\n that such statements will prove to be accurate and actual results and\n future events could differ materially from those anticipated in such\n statements.  All forward-l...