Business
Killi Announces Filing of Second Quarter Results and Upcoming Shareholder Call
Toronto, Ontario--(Newsfile Corp. - August 27, 2020) -   Killi Ltd. (TSXV: MYID) (OTC: M...
About this update from Reklaim Ltd
[{"type":"text","content":"Killi Announces Filing of Second Quarter Results and Upcoming Shareholder CallToronto, Ontario--(Newsfile Corp. - August 27, 2020) -  Killi Ltd. (TSXV: MYID) (OTC: MYIDF), a global leader in consumer-controlled identity announces the filing of the Financial Statements and Management Discussion and Analysis (MD&A) for the three and six month period ending June 30, 2020.\"The second quarter was a period of transformation for Killi. We completed the sale of the Freckle business unit, rebranded as Killi and significantly grew the Killi ecosystem.\" commented Killi Founder and CEO Neil Sweeney, \"We expect the second half of this year to be instrumental in achieving the Company's goal of being the global leader in consumer privacy. We look forward to updating shareholders on our progress in September.\" Filing of Financial Statements and Shareholder CallThe Company has filed the interim unaudited condensed Consolidated Financial Statements and MD&A for the three and six months ended June 30, 2020, on SEDAR at www.sedar.com. As the Company did for the first quarter results we will host an investor call in mid-September to discuss the outlook for our operations and the Company's financial position and to hold a question and answer session with shareholders.Option RepricingThe Company also announces that it has repriced a total of 290,000 stock options held by employees of the Company (the \"Initial Repriced Options\") to an amended exercise price of $0.07 and will reprice a further 60,000 stock options held by employees of the Company on September 5th, 2020 (the \"Additional Repriced Options\" and together with the Initial Repriced Options, the \"Repriced Options\"). The amended exercise price of the Additional Repriced Options will be the closing market price of the Company's listed shares on September 5, 2020. All other terms of the Repriced Options will remain unchanged. This is the last tranche of historically priced options that will be repriced at this time.In accordance with Policy 4.4 of the TSX Venture Exchange (\"TSXV\") Corporate Finance Manual (the \"TSXV Manual\"), the Company is not required to seek disinterested shareholder approval for the repricing of the Repriced Options, as none of the options are held by insiders (as such term is defined in the TSXV Manual) of the Company. The repricing of the Repriced ...