TORONTO, June 20, 2012 /CNW/ - SelectCore Ltd. ("SelectCore" or the
"Company") (TSX-SCG: CCV), a leading prepaid payment solutions provider
for underserved markets, announces that, it will issue 583,333 shares
at a deemed price of $0.18 per share for accrued directors compensation
in the amount of $105,000 owed to two independent directors of the
Company. The debt settlement is subject to the approval of the TSX
Venture Exchange and the shares are subject to a four-month hold period
under the policies of the Exchange.
In a separate transaction, the Company granted 1,950,000 consultant
options to purchase common shares of the Company. The options are
exercisable at $0.18 per share expiring in 24 months.
Established in 1999, SelectCore is a leading prepaid payment solutions
provider for underserved markets. From prepaid stored-value cards to
mobile top-up and remittance solutions, SelectCore services a market of
millions of under-banked consumers through its technology platforms and
extensive retail distribution network. SelectCore is a publicly traded
company listed on the TSX Venture Exchange under the symbol "SCG"
SelectCore was ranked by Profit100 as one of Canada's fastest-growing
companies in 2006, 2007, 2009 and 2010. SelectCore was also ranked one
of North America's fastest growing companies on Deloitte's 2011
Technology Fast 500 and one of Canada's leading Technology Firms for
2012 on the Branham300. For more information please visit www.selectcore.com
Disclaimer: 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
SOURCE Selectcore Ltd.
For further information:
(416) 815-0700 x290