Business
LeoNovus Announces proposed Warrant Extension
Affects Holders of Purchase Price Warrants Issued on October 29, 2010 SUNNYVALE, Ca...
About this update from Leonovus Inc.
[{"type":"text","content":"\n\nAffects Holders of Purchase Price Warrants Issued on October 29, 2010\n\n\nSUNNYVALE, Calif., Oct. 11, 2013 /CNW/ - LeoNovus Inc. (\"LeoNovus\" or the \"Company\") (TSXV: LTV), a leading Internet developer with its high performance browser-based Internet software platform announced today that it has applied to the TSX Venture Exchange (\"TSXV\") for approval to extend the expiry dates of the purchase price warrants issued as part of the corporation's qualifying transaction (\"QT\") on October 29, 2010 (the \"PP Warrants\"). The PP Warrants were issued to certain shareholders of Personal Web Systems, Inc. (\"PWS\") as partial compensation for the acquisition of all of the issued and outstanding securities of PWS pursuant to the terms of the QT. The current expiration date of the PP Warrants is October 29, 2013 and, if the application is approved, it will be extended an additional two (2) years to a newly proposed expiration date of October 29, 2015.\nAll other terms and conditions of the PP Warrants, including the exercise price of $0.20, remain unchanged. For more information pertaining to the QT and the PP Warrants, please see the Company's filing statement posted on www.sedar.com on October 20, 2010. The proposed extension remains subject to TSXV approval.\nAbout LeoNovus Inc. (www.LeoNovus.com)LeoNovus Inc., offers a unique technology approach to a diverse group of markets that require efficient processing, preservation, and accurate management of immense amounts of data with the benefit of significant energy and real-estate cost reductions, while at the same time offering companies and organizations within these markets the ability to create new revenue streams. Currently, LeoNovus has made inroads into the Internet, data center, hospitality, and health care markets. The LeoNovus Software platform also supports connected devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered to end users. Learn more at www.LeoNovus.com \n­­­­­­LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, wh...