CALGARY, ALBERTA — (Marketwired) — 09/29/14 — Robert Geoffrey Gordon, 400, 320 – 23rd Avenue SW, Calgary, Alberta, T2S 0J2 (the “Offeror”), as a result of a business combination transaction by way of an amalgamation of Southtech Capital Corporation (“Southtech”) and Redfall Technologies Inc. (“Redfall”) to form Vogogo Inc. (the “Corporation”) completed on September 11, 2014 (the “Amalgamation”), acquired an aggregate of 5,166,668 common shares in the capital of the Corporation (the “Common Shares”). The Amalgamation consisted of the Corporation–s Qualifying Transaction and the Common Shares began trading on the facilities of the TSX Venture Exchange (“TSXV”) on September 15, 2014 under the trading symbol “VGO”.
Prior to the Amalgamation, the Offeror beneficially owned and controlled 5,166,668 common shares in the capital of Redfall (the “Redfall Shares”).
As a result of the Amalgamation, each 5 outstanding common shares in the capital of Southtech were exchanged for one Common Share and each Redfall Share was exchanged for one Common Share. Immediately following the Amalgamation there were 39,098,012 Common Shares issued and outstanding.
The Offeror now beneficially owns and exercises control over an aggregate of 5,166,668 Common Shares, representing an interest of approximately 13.2% of the issued and outstanding Common Shares as at the date hereof. Assuming the full exercise of all of the Offeror–s convertible securities, the Offeror would own and exercise control over approximately 11.6% of the Common Shares on a fully diluted basis.
The Offeror is the chief executive officer and a director of the Corporation. While the Offeror will have an ongoing role as chief executive officer and a director of the Corporation, the purpose of holding the Common Shares is for investment purposes and not for exercising control or direction over the Corporation.
This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Corporation is a reporting issuer containing information with respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will appear with the Corporation–s documents on the System for Electronic Document Analysis and Retrieval and may also be obtained by contacting the Offeror at (403) 648-9292.
NEITHER TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Robert Geoffrey Gordon
(403) 648-9292
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