Sceptre Ventures Updates On SmartShare Acquisition

About this update from Sceptre Ventures, Inc.

[{"type":"text","content":"Sceptre Ventures Updates On SmartShare Acquisition(via TheNewswire)\n\n \nVancouver, BC / The Newswire / January 26, 2018: Sceptre Ventures Inc. (the \"Company\") (SVP.H-TSXV) provides an update of its proposed acquisition (\"the Acquisition\") of all the issued and outstanding common shares of SmartShare Solutions Inc. (\"SmartShare\"), the terms of which were previously announced by Sceptre on September 28, 2016, December 14, 2016 and April 12, 2017. \n\n\n \nSceptre, SmartShare and SmartShare's shareholders have entered into a binding Share Exchange Agreement dated December 15, 2017, pursuant to which all of the issued and outstanding common shares of SmartShare will be exchanged on a pro rata basis for an aggregate 15,000,000 common shares (on a 3:1 post consolidated basis) to be issued by Sceptre.\n\n\n \nSmartShare, an app based solution seamlessly allowing drivers to reserve and pay for parking in the shared parking industry, has finalized its business plan, and Sceptre is preparing to make its initial submission to the TSX Venture Exchange for acceptance of the Acquisition, which will serve as Sceptre's Qualifying Transaction pursuant to Exchange policies.\n\n\n \nAbout SmartShare Solutions Inc.\n\n\n \nSmartShare Solutions Inc. seamlessly allows drivers to reserve and pay for parking in the shared parking industry. SmartShare utilizes mobile hosted applications to carry out its business and it is the core asset for SmartShare. The technology utilizes an electronic core application for mobile phones that enables both parking space owners and consumers to securely and conveniently access, book and supply local parking and make and receive real time payments to facilitate shared parking commerce. By enabling a \"shared parking economy\", Smartshare's technology lets owners rent out and monetize their private parking spaces to other people by unlocking parking spaces that never existed before in urban and outlying areas. The technology has been in development and beta-tested over the past year.\n\n\n \nWe Seek Safe Harbour.\n\n\n \nAbout Sceptre Ventures Inc. \n\n\n \nSceptre Ventures Inc. is a Capital Pool Company (\"CPC\") within the meaning of the policies of the TSX Venture Exchange and has not commenced commercial operations and has no assets other than cash. The Company is currently engaged in identifying and evaluati...

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