TORONTO, ONTARIO — (Marketwired) — 09/28/15 — Imperus Technologies Corp. (“Imperus” or the “Company”) (TSX VENTURE: LAB)(FRANKFURT: ISX)(FRANKFURT WKN: A12B58) announces that it has entered into an amendment to the option agreement (the “Amendment to the Option Agreement”) to acquire (the “Acquisition”) all of the issued and outstanding shares of the social gaming company Akamon Entertainment Millennium, S.L. (“Akamon”). As previously announced on September 8, 2015, the original option agreement granted Imperus the right to exercise an option to acquire Akamon at any time prior to September 25, 2015, with the closing to occur on or before October 2, 2015.
Under the Amendment to the Option Agreement Imperus now has the right, but not the obligation, to acquire Akamon by exercising the option at any time prior to November 9, 2015, with the closing to occur on or before November 16, 2015. In consideration for the extension to the closing date and Akamon–s continued strong performance, the previously advanced deposit will no longer be deducted from the purchase price, the purchase price for the Acquisition will be increased by US$350,000 and an additional US$700,000 will be advanced to the Akamon shareholders as a non-refundable deposit to be used towards the purchase price.
James Lanthier, Imperus CEO, commented: “Akamon–s growth is impressive, and we believe that their methodical approach to monetization coupled with their leading game content will benefit Imperus greatly. We look forward to closing the transaction.”
Imperus is in advanced negotiations related to the Acquisition financing. It is anticipated that the financing will be completed through a combination of debt and equity.
About Imperus
Imperus Technologies Corp., the parent company of Diwip, is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip designs, develops and distributes its top ranked social casino-themed games within online social networks (such as Facebook) and mobile platforms (such as Android or iPhone). All of Diwip–s games are free to play and generate revenue primarily through the in-game sale of virtual coins.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute “forward-looking statements” which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as “may—-, “will—-, “expect—-, “believe—-, “plan—- and other similar terminology. These statements include, but are not limited to, the closing of the Acquisition, the negotiations related to the financing and the type of financing for the Acquisition. These statements reflect management–s current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the company to finance the Acquisition, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Imperus or the Acquisition target operates. The foregoing list of factors is not exhaustive. Please see the Company–s short form prospectus dated March 27, 2015, the Company–s Annual Information Form dated December 6, 2014 and other documents available on , for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether a result of new information, future results or otherwise, except as required by law.
Contacts:
KIN Communications Inc.
Mr. Arlen Hanse
604-684-6730
866-684-6730 (FAX)
Imperus Technologies Corp.
James Lanthier
CEO
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