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Eddy Smart Home Solutions Ltd. (formerly Aumento Capital VIII Corp.) Announces Q4/2021 Results and Year End Results
Eddy Smart Home Solutions Ltd. (formerly Aumento Capital VIII Corp.) Announces Q4/2021 Re...
About this update from Eddy Smart Home Solutions Ltd.
[{"type":"text","content":"\n \n \n \n Eddy Smart Home Solutions Ltd. (formerly Aumento Capital VIII Corp.) Announces Q4/2021 Results and Year End Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 2, 2022\n \n \n /CNW/ - Eddy Smart Home Solutions Ltd. (formerly Aumento Capital VIII Corp.), (the \"Corporation\") (TSXV: EDY) released its financial statements for the three and twelve months ended\n \n December 31, 2021\n \n .\n \n \n \n \n Results of Operations\n \n \n \n For the three months ended\n \n December 31, 2021\n \n , the Corporation recorded a net loss of\n \n $76,749\n \n . The net loss for the three months ended\n \n December 31, 2021\n \n is mainly due to costs in relation to its listing on the Exchange and professional fees.\n \n \n For the year ended\n \n December 31, 2021\n \n , the Corporation recorded a net loss of\n \n $297,919\n \n .   The net loss for the year ended\n \n December 31, 2021\n \n is mainly due to costs in relation to its listing on the Exchange, professional fees and stock-based compensation.\n \n \n For further information on the financial results of the Corporation, please review the Corporation's audited consolidated financial statements and management's discussion and analysis of financial condition and results of operations for the years ended\n \n December 31, 2021\n \n and 2020, available under the Corporation's profile on\n \n www.sedar.com\n \n .\n \n \n \n \n Outlook and Subsequent Events\n \n \n \n On\n \n January 13, 2022\n \n , Aumento Capital VIII Corp. (\"Aumento\") (TSX-V: AMU.P) and the Corporation have completed their Qualifying Transaction (as such term is defined by the TSX Venture Exchange (the \"TSXV\")) pursuant to which Aumento and the Corporation combined their respective businesses (the \"Transaction\"). In connection with the Transaction: all subscription receipts of the Corporation issued pursuant to its brokered private placement for aggregate gross proceeds of\n \n $12,308,260.80\n \n were converted into common shares of Eddy (\"Eddy Common Sh...